Medtronic Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Medtronic (NYSE:MDT) has seen significant unusual options activity, with 23 notable trades. 47% of traders were bullish, while 34% were bearish. The trades included 9 puts valued at $396,514 and 14 calls valued at $1,150,650. The price targets range from $80.0 to $87.5. Medtronic's stock is currently trading at $85.93, with an RSI indicating it may be overbought. Earnings are expected in 6 days.
May 17, 2024 | 8:00 pm
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Medtronic has experienced significant unusual options activity, with a mix of bullish and bearish trades. The stock is currently trading at $85.93, and the RSI suggests it may be overbought. Earnings are expected in 6 days.
The significant options activity, with a higher value of calls compared to puts, suggests a bullish sentiment among traders. The current stock price and RSI indicate potential overbought conditions, but the upcoming earnings announcement could drive further price movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100