Looking At Atlassian's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Atlassian (NASDAQ:TEAM) has seen unusual options activity indicating a bearish stance by significant investors, with a split sentiment of 40% bullish and 60% bearish. The activity involves 10 uncommon trades, with 8 puts and 2 calls, aiming for a price range of $145.0 to $220.0 over the next three months. Atlassian's current market status shows a slight decrease in stock price by -1.25%, trading at $205.0, with an anticipated earnings release in 58 days.
March 05, 2024 | 6:03 pm
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Atlassian has experienced unusual options activity indicating a bearish outlook by significant investors, with a price target range of $145-$220 over the next three months. The stock is currently down by -1.25%, trading at $205.0.
The bearish sentiment indicated by the unusual options activity, combined with the current slight decrease in stock price, suggests a potential short-term negative impact on Atlassian's stock. The anticipation of earnings release in 58 days adds to the uncertainty and potential volatility.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100