Charles Schwab Unusual Options Activity For June 30
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Charles Schwab (NYSE:SCHW), with a bearish stance being taken by a majority of investors. Of the 22 strange trades detected, 45% were bullish and 54% were bearish. The total amount for puts was $938,980 and for calls was $706,145. Whales have been targeting a price range from $30.0 to $90.0 for Charles Schwab over the last 3 months. The current price of SCHW is down -0.16% at $57.05. Morgan Stanley downgraded its action to Equal-Weight with a price target of $68, while Wolfe Research and Jefferies maintained their Outperform and Buy ratings respectively, with price targets of $60 and $64.
June 30, 2023 | 2:46 pm
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Unusual options activity detected for Charles Schwab. Majority of the trades are bearish. Whales have been targeting a price range from $30.0 to $90.0 for SCHW over the last 3 months. The current price of SCHW is down -0.16% at $57.05.
The unusual options activity, with a majority being bearish, indicates a potential downward pressure on the stock price. The current price is already down by -0.16%. The price targets set by analysts are higher than the current price, which might create some upward pressure. However, the bearish sentiment in the options market is likely to have a stronger impact in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100