Atlassian Unusual Options Activity For April 03
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Atlassian (NASDAQ:TEAM), with unusual options activity detected. Benzinga's options scanner revealed 10 extraordinary activities, with 70% bearish and 30% bullish sentiment among these trades. The targeted price range for TEAM is between $180.0 and $240.0. The largest trades include both puts and calls, with a notable bearish sweep put at a strike price of $185.00 and a bullish call sweep at $200.00. Atlassian's current market standing shows a neutral RSI and a stable price of $196.02, with the next earnings report due in 22 days.
April 03, 2024 | 7:01 pm
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Atlassian has seen unusual options activity indicating a bearish sentiment among investors, with a significant volume of puts. The stock remains stable at $196.02, awaiting the next earnings report.
The bearish sentiment indicated by the unusual options activity, especially the volume of puts, suggests that investors are expecting a potential decline in TEAM's stock price. However, the stock's current stability and the upcoming earnings report could influence short-term price movements. The high relevance is due to the direct impact of investor sentiment on the stock, while the importance is slightly lower due to the neutral current RSI and the potential for the earnings report to alter market perception.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100