A Closer Look at Spotify Technology's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
The options market for Spotify Technology (NYSE:SPOT) shows a bearish sentiment with 55% of traders leaning bearish. Significant trades include 2 puts valued at $172,448 and 7 calls valued at $815,256. Analysts have mixed ratings, with price targets ranging from $340 to $490. The stock is currently trading at $383.63, up 0.43%, with an RSI indicating a potential overbought condition.
October 22, 2024 | 4:15 pm
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Spotify Technology's options market shows a bearish sentiment with 55% of traders bearish. Analysts have mixed ratings, with price targets from $340 to $490. The stock is currently trading at $383.63, up 0.43%.
The options market shows a bearish sentiment with 55% of traders bearish, which could indicate a potential short-term price decline. Analysts' mixed ratings and varying price targets add to the uncertainty. The current RSI suggests the stock may be overbought, further supporting a potential price correction.
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