Smart Money Is Betting Big In BABA Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing significant interest in Alibaba Gr Hldgs (NYSE:BABA) options, with a notable increase in both call and put activities. The sentiment is mixed, with a slight bullish tilt. The stock is currently trading at $108.24, up by 2.0%, but RSI suggests it may be overbought.
October 01, 2024 | 2:31 pm
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Significant options activity in Alibaba Gr Hldgs (NYSE:BABA) suggests potential price movements. With 47% of investors bullish and 37% bearish, the stock is currently up 2% at $108.24. However, RSI indicates it may be overbought.
The significant options activity, with a majority of calls over puts, indicates a bullish sentiment among investors. The stock's current price increase and the RSI suggesting overbought conditions could lead to short-term volatility. The mixed sentiment (47% bullish, 37% bearish) reflects uncertainty, but the overall activity points to a potential upward movement.
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