Spotify Technology Unusual Options Activity For October 20
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Spotify Technology (NYSE:SPOT) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $120.0 to $230.0 for Spotify over the last 3 months. The price of SPOT is currently down -0.26% at $149.58.
October 20, 2023 | 6:45 pm
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Unusual options activity indicates a significant bearish stance on Spotify Technology. The sentiment among big-money traders is 80% bearish.
The unusual options activity, with a significant bearish sentiment, indicates that large investors are expecting the price of Spotify Technology to decrease. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100