Abbott Laboratories Unusual Options Activity For October 12
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Abbott Laboratories (NYSE:ABT), with an equal split between bullish and bearish expectations. The trades include 5 puts totaling $353,531 and 5 calls totaling $347,449. Whales have been targeting a price range from $75.0 to $95.0 for Abbott Laboratories over the last 3 months. The price of ABT is currently up 0.18% at $92.3.
October 12, 2023 | 6:03 pm
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Unusual options activity has been detected for Abbott Laboratories, with an equal split between bullish and bearish expectations. This could lead to increased volatility in the short term.
The unusual options activity indicates that there is a split in investor sentiment, with half expecting the stock to rise and half expecting it to fall. This could lead to increased volatility in the short term as the market reacts to these differing expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100