Market Whales and Their Recent Bets on GOOGL Options
Portfolio Pulse from Benzinga Insights
Market whales have shown a bearish stance on Alphabet (NASDAQ:GOOGL) through recent options trades, with a sentiment split of 42% bullish and 57% bearish. A total of 82 uncommon options trades were spotted, including 20 puts and 62 calls, indicating a price window from $68.0 to $190.0 for GOOGL. The largest trades observed were mostly bearish, with significant volumes and open interests. Alphabet's current trading volume is 11,612,541, with a slight price decrease of -0.05%, currently at $150.79. Analysts from Wedbush and Wells Fargo have set target prices of $175 and $144, respectively.
March 28, 2024 | 7:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Market whales' bearish stance through options trades and the current slight price decrease could indicate potential short-term volatility for Alphabet's stock.
The bearish sentiment among market whales, as evidenced by the volume of bearish options trades, suggests that there may be concerns about Alphabet's short-term prospects. This, combined with the current slight decrease in stock price and the upcoming earnings release, could lead to increased volatility in the short term. Analysts' target prices also provide a mixed outlook, further supporting the potential for short-term fluctuations.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100