W.W. Grainger Unusual Options Activity For October 12
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on W.W. Grainger (NYSE:GWW) as evidenced by unusual options activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. The trades include 2 puts amounting to $59,860 and 10 calls amounting to $503,109. The targeted price range for W.W. Grainger over the last 3 months is from $710.0 to $750.0. The current price of GWW is $714.29.
October 12, 2023 | 6:35 pm
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Unusual options activity indicates a significant bearish stance on W.W. Grainger. The sentiment among big-money traders is 75% bearish and 25% bullish. The targeted price range for W.W. Grainger over the last 3 months is from $710.0 to $750.0.
The unusual options activity, with a significant bearish sentiment among big-money traders, indicates that there may be a downward pressure on the stock price of W.W. Grainger in the short term. The targeted price range also suggests that the traders are expecting the stock price to move within this range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100