Market Whales and Their Recent Bets on ADI Options
Portfolio Pulse from Benzinga Insights
Wealthy investors have taken a bearish stance on Analog Devices (NASDAQ:ADI) through options trading, with 53% of trades being bearish. The significant options activity suggests a price range of $200 to $240 for ADI in the coming months. The stock is currently up 2.41% at $227.26, but RSI indicators suggest it may be overbought.
August 23, 2024 | 3:47 pm
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Analog Devices (ADI) has seen significant bearish options activity, with 53% of trades being bearish. This suggests a potential price range of $200 to $240 in the coming months. The stock is currently up 2.41% at $227.26, but RSI indicators suggest it may be overbought.
The article highlights significant bearish options activity for ADI, with 53% of trades being bearish. This suggests that investors expect a potential decline in ADI's stock price. The current price is $227.26, but the RSI indicates it may be overbought, supporting the bearish sentiment. The predicted price range of $200 to $240 further suggests potential downside.
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