Alibaba Gr Holding Unusual Options Activity For October 04
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Alibaba Gr Holding (NYSE:BABA) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 27% bullish and 72% bearish. The targeted price range for Alibaba over the last 3 months has been $70.0 to $145.0. The current price of BABA is down -0.3% at $84.29.
October 04, 2023 | 2:31 pm
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Unusual options activity indicates a significant bearish stance on Alibaba. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish stance taken by a large investor, indicates a potential negative sentiment towards Alibaba. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100