Smart Money Is Betting Big In Block Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Block (NYSE:SQ) with significant options activity. Benzinga's options scanner highlighted 15 extraordinary options activities, with 60% of the sentiment being bearish. The price window for Block is expected to be between $45.0 and $110.0.
August 07, 2024 | 3:02 pm
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Deep-pocketed investors are showing a bearish sentiment towards Block (NYSE:SQ) with significant options activity. Benzinga's options scanner highlighted 15 extraordinary options activities, with 60% of the sentiment being bearish. The price window for Block is expected to be between $45.0 and $110.0.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options activity, suggests a potential downward pressure on Block's stock price in the short term. The high volume of puts compared to calls further supports this bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100