Looking At Alibaba Gr Hldgs's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Alibaba Group Holdings (NYSE:BABA) shows a mixed sentiment with a slight bullish tilt. Significant investors are targeting a price range of $50 to $120. The stock is currently trading at $109.39, up 1.39%, with an RSI suggesting it may be approaching overbought territory.
October 10, 2024 | 1:46 pm
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Alibaba's recent options activity shows a mixed sentiment with a slight bullish tilt. The stock is currently trading at $109.39, up 1.39%, with an RSI suggesting it may be approaching overbought territory. Investors are targeting a price range of $50 to $120.
The options activity shows a slight bullish sentiment with more calls than puts, indicating potential upward movement. The stock's current price increase and RSI nearing overbought suggest short-term bullish momentum, but caution is advised due to potential overbought conditions.
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