Decoding Autodesk's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Autodesk (NASDAQ:ADSK) shows a bearish sentiment among big-money traders, with 8 out of 9 trades being puts. The total amount for puts is $538,813, while the single call amounts to $54,500. The price range targeted by these trades is between $160.0 and $270.0. Autodesk's stock is currently trading at $231.5, up by 2.56%.
August 06, 2024 | 3:31 pm
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Recent options activity for Autodesk shows a bearish sentiment among big-money traders, with 8 out of 9 trades being puts. The total amount for puts is $538,813, while the single call amounts to $54,500. The price range targeted by these trades is between $160.0 and $270.0.
The significant amount of bearish options activity suggests that big-money traders are expecting a decline in Autodesk's stock price. This could lead to a short-term negative impact on the stock.
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