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TEAM

Unusual options activity has been observed for Atlassian (NASDAQ: TEAM), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 17 uncommon options trades, with 88% being bearish and 11% bullish. The price of TEAM is down 1.6% at $145.71.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 4:31 pm

MS

Morgan Stanley (NYSE:MS) is expected to appoint a new CEO within 12 months to succeed current CEO James Gorman. The company has identified strong candidates, including co-presidents Ted Pick and Andy Saperstein, COO Jonathan Pruzan, and head of investment management Dan Simkowitz. Gorman will become the executive chairman once a new CEO is chosen.

Portfolio Pulse from Nabaparna Bhattacharya

May 19, 2023 | 4:29 pm

CMG

A whale has taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG) with 73% of detected unusual options trades being bearish. Whales have been targeting a price range of $640 to $2900 for CMG over the last 3 months. The stock is currently up 0.54% at $2107.28.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 4:16 pm

MU

Unusual options activity has been observed for Micron Technology (NASDAQ:MU), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 78 uncommon options trades, with 74% being bearish and 25% bullish. Whales have been targeting a price range of $60 to $80 for Micron Technology over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 3:47 pm

TSM

A whale investor has taken a bearish stance on Taiwan Semiconductor (NYSE:TSM), with 75% of detected trades having bearish expectations. Whales have been targeting a price range of $40 to $100 for TSM over the last 3 months. The stock is currently down 0.73% at $91.97, and RSI indicators suggest it may be approaching overbought.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 3:45 pm

ULTA

A whale has taken a bearish stance on Ulta Beauty (NASDAQ: ULTA), with 90% of detected unusual options trades being bearish. Whales have been targeting a price range of $330 to $540 for Ulta Beauty over the last 3 months. The stock is currently down 4.2% at $492.04, with RSI indicators suggesting it may be approaching oversold.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 3:32 pm

SPY

U.S. interest rate futures traders have reduced bets on a June Fed rate hike and increased bets on rate cuts later in the year, according to Reuters.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 3:25 pm

ATVI

A large bullish position on Activision Blizzard (NASDAQ:ATVI) has been observed, with 18 options trades spotted, 61% bullish and 38% bearish. Whales have been targeting a price range of $67.5 to $85.0 for ATVI over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 3:21 pm

ATVI

MSFT

Activision Blizzard (ATVI) sees 4,000 June 16 $82.5 call options traded at the ask price of $0.64, compared to an open interest of 12,536. The reference price is $78.51.

Portfolio Pulse from Charles Gross

May 19, 2023 | 3:19 pm

NOW

A large bearish position on ServiceNow (NYSE:NOW) has been spotted, with 12 uncommon options trades identified. The overall sentiment of these big-money traders is 33% bullish and 66% bearish. Whales have been targeting a price range of $460 to $580 for ServiceNow over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 3:14 pm