VMware Unusual Options Activity For October 30
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on VMware (NYSE:VMW) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. Out of the special options, 13 are puts, for a total amount of $505,700, and 3 are calls, for a total amount of $90,125. The price range targeted by these investors for VMware over the last 3 months is from $100.0 to $165.0.
October 30, 2023 | 6:45 pm
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Unusual options activity indicates a significant bearish stance on VMware. The targeted price range for VMware over the last 3 months is from $100.0 to $165.0.
The unusual options activity, with a significant amount of money being put into bearish options, indicates that a large investor is expecting the price of VMware to decrease. This could potentially lead to a short-term decrease in the stock price.
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IMPORTANCE 80
RELEVANCE 100