Microsoft Unusual Options Activity For October 20
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Microsoft (NASDAQ:MSFT), with a bearish stance being taken by a majority of investors. Of the 10 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $181,036 and for calls was $273,636. Whales have been targeting a price range from $270.0 to $335.0 for Microsoft over the last 3 months. The current price of MSFT is up 0.08% at $331.6. Several financial institutions have maintained or downgraded their ratings on Microsoft, with price targets ranging from $370 to $430.
October 20, 2023 | 1:46 pm
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Microsoft has seen unusual options activity, with a bearish stance being taken by a majority of investors. The current price of MSFT is up 0.08% at $331.6. Several financial institutions have maintained or downgraded their ratings on Microsoft, with price targets ranging from $370 to $430.
The bearish stance taken by a majority of investors in the unusual options activity could potentially drive the stock price down in the short term. The current price of MSFT is up, but the bearish sentiment and the downgrades by several financial institutions could impact the stock negatively.
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