Market Whales and Their Recent Bets on GWW Options
Portfolio Pulse from Benzinga Insights
Financial giants have made a bearish move on W.W. Grainger (NYSE:GWW), with 70% of traders showing bearish tendencies. The analysis of options history revealed 10 unusual trades, with 3 puts and 7 calls. The whales have been targeting a price range from $700.0 to $960.0 for W.W. Grainger over the last 3 months. The price of GWW is currently at $781.02, with RSI indicators hinting at an overbought situation.
November 09, 2023 | 8:47 pm
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Financial giants have shown bearish tendencies towards W.W. Grainger (GWW). The targeted price range is $700-$960, with the current price at $781.02. RSI indicators suggest an overbought situation.
The bearish tendencies shown by financial giants towards W.W. Grainger (GWW) indicate a potential decrease in the stock price. The targeted price range by whales is $700-$960, which is lower than the current price of $781.02. Additionally, the RSI indicators suggest an overbought situation, which often precedes a price correction.
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