Medtronic Unusual Options Activity For October 12
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Medtronic (NYSE:MDT), with a mix of bullish and bearish stances. Of the 11 strange trades detected, 54% were opened with bullish expectations and 45% with bearish. The total amount for the 7 puts was $299,903 and for the 4 calls was $128,239. Whales have been targeting a price range from $67.5 to $97.5 for Medtronic over the last 3 months. The current price of MDT is down -2.57% at $71.02.
October 12, 2023 | 7:02 pm
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Unusual options activity has been detected for Medtronic, indicating a mix of bullish and bearish expectations. The current price of MDT is down -2.57% at $71.02.
The unusual options activity indicates that there is a significant amount of interest in Medtronic's stock, with a mix of bullish and bearish expectations. This could lead to increased volatility in the stock's price. However, the current price of MDT is down, which could indicate bearish sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100