Moderna Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Moderna (NASDAQ:MRNA) by a large investor, as indicated by unusual options activity. Benzinga's options scanner spotted 24 options trades for Moderna, with 23 being puts and only 1 call. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. The targeted price range for Moderna over the last 3 months is from $80.0 to $125.0.
October 23, 2023 | 3:45 pm
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A large investor has taken a bearish stance on Moderna, indicating potential downward pressure on the stock.
The unusual options activity, with a majority of puts, indicates that a large investor is betting on the stock price to go down. This could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100