SentinelOne Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Significant bearish options activity has been detected in SentinelOne (NYSE:S), with a notable volume of puts compared to calls. The options trading suggests a price target range of $20.0 to $35.0. SentinelOne, a cloud-based cybersecurity firm, has seen its stock price slightly decrease, with an RSI indicating it may be oversold. Analysts have mixed ratings on the stock, with price targets ranging from $24 to $33.
March 15, 2024 | 7:15 pm
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SentinelOne has seen significant bearish options activity, suggesting potential downward pressure on its stock price in the short term. However, mixed analyst ratings and an oversold RSI indicator could influence the stock's direction.
The bearish options activity, with a higher volume of puts, indicates market sentiment leaning towards a decrease in SentinelOne's stock price. However, the presence of mixed analyst ratings and the RSI indicator being oversold introduces uncertainty, suggesting that while the short-term impact is likely negative, there are factors that could mitigate the extent of the decline.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100