Arista Networks Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Arista Networks (NYSE:ANET), with a split sentiment of 50% bullish and 50% bearish. The options trades include 9 puts amounting to $420,808 and 3 calls amounting to $120,210. The targeted price range for ANET over the last 3 months is from $130.0 to $260.0. Currently, ANET's price is up 3.45% at $175.69. Piper Sandler has downgraded its action to Neutral with a price target of $190.
October 27, 2023 | 7:18 pm
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Unusual options activity has been observed for Arista Networks, with a split sentiment of 50% bullish and 50% bearish. The current price is up 3.45% at $175.69. Piper Sandler has downgraded its action to Neutral with a price target of $190.
The unusual options activity indicates that there is significant interest in Arista Networks' stock, which could lead to increased volatility. The split sentiment suggests uncertainty about the stock's direction. Piper Sandler's downgrade to Neutral could potentially dampen investor sentiment. However, the current price increase suggests positive short-term momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100