Alibaba Gr Hldgs Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Alibaba Gr Hldgs (NYSE:BABA) shows a predominantly bearish sentiment among big-money traders, with 75% of trades being bearish. The trading volume and open interest suggest a price window of $60.0 to $105.0. The stock is currently trading at $81.05, up by 0.17%, with an upcoming earnings report in 2 days. An analyst from Jefferies maintains a Buy rating with a target price of $116.
August 13, 2024 | 2:16 pm
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Recent options trading for Alibaba Gr Hldgs (NYSE:BABA) indicates a bearish sentiment with 75% of trades being bearish. The stock is currently trading at $81.05, up by 0.17%, with an earnings report due in 2 days. An analyst from Jefferies maintains a Buy rating with a target price of $116.
The predominance of bearish sentiment in options trading suggests that big-money traders expect a decline in Alibaba's stock price. The upcoming earnings report could be a catalyst for price movement. Despite a Buy rating from Jefferies, the short-term outlook appears negative.
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IMPORTANCE 80
RELEVANCE 100