What the Options Market Tells Us About Arista Networks
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on Arista Networks (NYSE:ANET), as observed through unusual options trades tracked by Benzinga. The sentiment is split with 33% bullish and 55% bearish. The trading volumes and open interest suggest a focus on a price band between $290.0 and $390.0. The stock is currently trading at $363.17, down by 0.62%, and may be overbought according to RSI values.
July 05, 2024 | 3:02 pm
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Significant bearish sentiment observed in options trading for Arista Networks (NYSE:ANET). The stock is currently trading at $363.17, down by 0.62%, and may be overbought according to RSI values. The trading volumes and open interest suggest a focus on a price band between $290.0 and $390.0.
The unusual options trades with a majority bearish sentiment indicate that significant investors expect a decline in ANET's stock price. The current trading price and RSI values suggest the stock may be overbought, further supporting a potential short-term decline.
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IMPORTANCE 80
RELEVANCE 100