Looking At Shopify's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Shopify (NYSE:SHOP) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $50.0 to $80.0 for Shopify over the last 3 months. Currently, the price of SHOP is down -2.51% at $59.93.
November 06, 2023 | 6:31 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
A large investor has taken a bearish stance on Shopify, indicating potential downward pressure on the stock in the short term.
The unusual options activity indicates that a large investor is betting on Shopify's stock price to decrease. This could potentially lead to downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100