MetLife Unusual Options Activity For June 07
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on MetLife (NYSE:MET) with 13 unusual options trades detected. 53% of investors have bearish expectations, with 11 puts totaling $820,907 and 2 calls totaling $886,755. Whales have been targeting a price range of $50 to $60 for MetLife over the last 3 months. Wells Fargo, RBC Capital, and Morgan Stanley maintain positive ratings on MetLife with price targets of $75, $65, and $78, respectively.
June 07, 2023 | 8:01 pm
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A whale has taken a bearish stance on MetLife with 13 unusual options trades. 53% of investors have bearish expectations, targeting a price range of $50 to $60. Analysts maintain positive ratings.
The bearish stance taken by a whale with 13 unusual options trades indicates a potential short-term negative impact on MetLife's stock price. However, the positive ratings and price targets from Wells Fargo, RBC Capital, and Morgan Stanley suggest a more positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100