Decoding Arista Networks's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Arista Networks (NYSE:ANET) shows a mixed sentiment among large investors, with a slight bearish tilt. The options trades suggest a price range of $350 to $400 for ANET in the coming months. Analysts have set target prices close to the current trading price, indicating a stable outlook.
September 23, 2024 | 2:01 pm
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Arista Networks has seen unusual options activity with a slight bearish sentiment. Large investors are targeting a price range of $350 to $400. Analysts' target prices are close to the current price, indicating a stable outlook.
The options activity shows a higher number of calls than puts, but the sentiment is slightly bearish. The target price range from options activity aligns with analysts' target prices, suggesting limited short-term upside. The RSI indicates potential overbought conditions, adding to the bearish sentiment.
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