Looking At Alibaba Gr Holding's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Alibaba Group Holding (NYSE:BABA), with a majority of investors taking a bearish stance. Of the 45 unusual trades detected, 64% were bearish and 35% bullish. The total amount for puts was $1,720,836 and for calls was $898,806. Whales have been targeting a price range from $75.0 to $180.0 for Alibaba over the last 3 months. The current price of BABA is up 0.94% at $84.81. Benchmark has downgraded its action to Buy with a price target of $180.
October 16, 2023 | 5:16 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Unusual options activity has been observed for Alibaba, with a majority of investors taking a bearish stance. The current price of BABA is up 0.94% at $84.81.
The unusual options activity, with a majority of investors taking a bearish stance, indicates a potential downward pressure on the stock price. The current price increase of 0.94% might be temporary. Benchmark's downgrade to Buy with a price target of $180 also suggests a potential upside in the long term, but the short term outlook based on the options activity is bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100