Alphabet Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Alphabet (NASDAQ:GOOGL), with 54% of the 73 unusual trades detected being bearish. The trades include 32 puts amounting to $1,625,412 and 41 calls amounting to $1,891,561. The investors are aiming for a price range of $90.0 to $165.0 for Alphabet over the next three months. The current price of GOOGL is $131.04, with the stock being neutral between overbought and oversold.
November 08, 2023 | 7:30 pm
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Bearish stance detected on Alphabet with 54% of unusual trades being bearish. Investors are aiming for a price range of $90.0 to $165.0 over the next three months. Current price of GOOGL is $131.04.
The bearish stance taken by a significant investor, as evidenced by the unusual trading activity, suggests a potential downward pressure on Alphabet's stock price in the short term. The investors' price target range also indicates a potential decrease from the current price of $131.04.
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IMPORTANCE 80
RELEVANCE 100