Decoding Autodesk's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Autodesk (NASDAQ:ADSK), with 75% of the notable options activity being bearish. Benzinga's options scanner detected 12 extraordinary options activities, with a focus on a price band between $100.0 and $280.0. The largest options trades include bearish and bullish calls with various expiration dates and strike prices. Autodesk's current stock price is $235.01 with neutral RSI indicators, and its next earnings report is expected in 70 days. Analysts have mixed opinions, with target prices ranging from $215 to $253.
December 14, 2023 | 7:31 pm
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Autodesk has seen significant bearish options activity, with 75% of the trades being bearish. Analysts have mixed reviews with target prices ranging from $215 to $253. The stock is currently neutral with an RSI indicating neither overbought nor oversold conditions.
The bearish options activity suggests that investors are expecting a potential decline in Autodesk's stock price. The mixed analyst ratings add uncertainty to the stock's outlook, but the predominance of bearish sentiment among options traders could lead to a short-term negative impact on the stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100