Check Out What Whales Are Doing With RIO
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Rio Tinto (NYSE:RIO), with 10 options trades spotted for the company. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The options include 9 puts totaling $908,408 and 1 call totaling $70,300. The targeted price range for Rio Tinto over the last 3 months is from $54.38 to $72.5. The current price of RIO is down -1.88% at $61.52.
October 03, 2023 | 6:31 pm
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NEUTRAL IMPACT
A large investor has taken a bullish stance on Rio Tinto, indicating potential positive movement in the short term. However, the sentiment among these traders is split 50% bullish and 50% bearish, which could lead to volatility.
The large investment in Rio Tinto options indicates a bullish stance, which could drive the stock price up in the short term. However, the split sentiment among big-money traders suggests there could be volatility, as bearish traders may also influence the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100