Alphabet Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Alphabet (NASDAQ:GOOGL) has been observed through unusual options activity. The sentiment among these big-money traders is split between 42% bullish and 57% bearish. The whales have been targeting a price range from $100.0 to $260.0 for Alphabet over the last 3 months. The price of GOOGL is currently down -0.8% at $138.6. Keybanc, Wells Fargo, Piper Sandler, and B of A Securities have maintained their ratings on Alphabet.
October 18, 2023 | 6:46 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Alphabet. The sentiment among big-money traders is split between 42% bullish and 57% bearish. The price of GOOGL is currently down -0.8% at $138.6.
The unusual options activity indicates that a significant amount of money is being placed on Alphabet's stock price going down. This bearish sentiment among big-money traders could potentially drive the stock price down in the short term. The current price of GOOGL is already down -0.8%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100