Someone with a lot of money to spend has taken a bearish stance on AbbVie ABBV.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don’t know. But when something this big happens with ABBV, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga’s options scanner spotted 19 uncommon options trades for AbbVie.
This isn’t normal.
The overall sentiment of these big-money traders is split between 10% bullish and 89%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $322,709, and 11 are calls, for a total amount of $612,677.
What’s The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears…
