What the Options Market Tells Us About Cloudflare
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Cloudflare (NYSE:NET), with options market activity indicating a divided mood: 45% bullish and 54% bearish. The options scanner revealed 11 unusual activities, with a price window targeted between $70.0 to $135.0. Cloudflare's current market position shows a 2.24% increase in stock price to $100.17, with a neutral RSI and an earnings announcement expected in 35 days.
March 21, 2024 | 5:02 pm
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NEUTRAL IMPACT
Deep-pocketed investors' bearish sentiment and unusual options activity suggest potential volatility for Cloudflare's stock. Current market position shows a 2.24% increase in stock price to $100.17, with a neutral RSI.
The bearish sentiment among deep-pocketed investors, indicated by the options market activity, suggests potential volatility for Cloudflare's stock. However, the current positive stock price movement and neutral RSI indicate a mixed short-term impact, leading to a neutral score.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100