AstraZeneca Unusual Options Activity For September 28
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for AstraZeneca (NASDAQ:AZN), with a bearish stance being taken by a 'whale' investor. Of the 11 strange trades detected, 45% were bullish and 54% were bearish. The trades included 4 puts amounting to $488,281 and 7 calls amounting to $887,379. The targeted price range for AstraZeneca over the last 3 months has been $63.0 to $69.0.
September 28, 2023 | 2:16 pm
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AstraZeneca has seen significant unusual options activity, with a bearish stance being taken by a large investor. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish stance taken by a 'whale' investor, could potentially lead to a decrease in AstraZeneca's stock price in the short term. This is due to the fact that such large-scale trades can often influence market sentiment and cause other investors to follow suit.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100