Arista Networks's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Investors have taken a predominantly bearish stance on Arista Networks (NYSE:ANET) as indicated by recent options trading activity. Benzinga's options scanner identified 13 unusual trades, with 61% being bearish. The trades suggest a targeted price range of $245.0 to $380.0. The stock is currently down by 2.51%, trading at $331.66.
June 21, 2024 | 2:33 pm
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Recent options trading activity shows a predominantly bearish sentiment towards Arista Networks, with 61% of trades being bearish. The stock is currently down by 2.51%, trading at $331.66.
The significant bearish sentiment in the options market, combined with the stock's current decline, suggests a negative short-term outlook for Arista Networks. The high volume of bearish trades indicates that investors are expecting further downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100