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Spotify Technology's Options Frenzy: What You Need to Know

Benzinga ·  Oct 12 01:03

High-rolling investors have positioned themselves bearish on Spotify Technology (NYSE:SPOT), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SPOT often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 8 options trades for Spotify Technology. This is not a typical pattern.

The sentiment among these major traders is split, with 37% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to...

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