Alibaba Gr Holding Unusual Options Activity For October 09
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Alibaba Gr Holding (NYSE:BABA) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 59% bullish and 40% bearish. The mean open interest for Alibaba Gr Holding options trades today is 5817.43 with a total volume of 32,699.00. Whales have been targeting a price range from $50.0 to $265.0 for Alibaba over the last 3 months.
October 09, 2023 | 7:16 pm
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Unusual options activity has been observed for Alibaba, indicating a significant bullish stance by big-money traders. This could potentially impact the stock's price in the short term.
The unusual options activity indicates that big-money traders are taking a bullish stance on Alibaba. This could potentially drive the stock's price up in the short term as it often suggests that these traders have information that could positively impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100