AutoZone's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
AutoZone (NYSE:AZO) has seen significant options trading activity, with 17 unusual trades identified. Analysis shows 35% of traders were bullish, while 64% were bearish. The trades included 2 puts valued at $54,650 and 15 calls valued at $1,713,708. Investors are aiming for a price range of $900.0 to $2950.0 for AutoZone over the next three months. The company's stock price is currently $2652.85.
November 09, 2023 | 7:47 pm
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AutoZone has seen significant options trading activity, with a majority of traders showing bearish tendencies. This could potentially impact the company's stock price in the short term.
The bearish sentiment in options trading indicates that a majority of traders expect the price of AutoZone's stock to decrease. This could potentially lead to a decrease in the company's stock price in the short term.
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