Looking At VMware's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for VMware (NYSE:VMW), with a majority of investors taking a bullish stance. Of the 19 strange trades detected, 68% were bullish and 31% were bearish. The total amount for puts was $485,890 and for calls was $156,140. Whales have been targeting a price range from $130.0 to $200.0 for VMware over the last 3 months. The current price of VMW is up 0.36% at $147.0.
October 27, 2023 | 6:32 pm
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Unusual options activity has been observed for VMware, indicating potential volatility in the short term. Majority of investors are bullish, targeting a price range of $130-$200.
The unusual options activity, with a majority of investors taking a bullish stance, indicates a potential increase in VMware's stock price. The targeted price range of $130-$200 also suggests a positive outlook. However, options trading is inherently risky and can lead to increased volatility.
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