Block Unusual Options Activity For October 16
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Block (NYSE:SQ), with a majority of investors taking a bullish stance. Of the 23 strange trades detected, 56% were bullish and 43% were bearish. The total amount for puts was $757,051 and for calls was $379,232. Whales have been targeting a price range from $27.5 to $75.0 for Block over the last 3 months. The price of SQ is currently up 3.82% at $44.82.
October 16, 2023 | 5:16 pm
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POSITIVE IMPACT
Block (NYSE:SQ) has seen significant unusual options activity, with a majority of investors taking a bullish stance. This could potentially impact the stock's price in the short term.
The unusual options activity, with a majority of investors taking a bullish stance, indicates a potential increase in demand for Block's stock. This could drive the stock price up in the short term. However, options trading is riskier and more volatile than regular stock trading, so the impact could also be influenced by other market factors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100