Charles Schwab Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Charles Schwab (NYSE:SCHW) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 90% bearish and 10% bullish. The whales have been targeting a price range from $45.0 to $90.0 for Charles Schwab over the last 3 months. The price of SCHW is currently down -1.13% at $57.07. Piper Sandler and Wolfe Research maintain positive ratings on Charles Schwab, while Morgan Stanley downgraded its action to Equal-Weight.
July 05, 2023 | 2:47 pm
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Unusual options activity indicates a significant bearish stance on Charles Schwab. The sentiment among big-money traders is 90% bearish and 10% bullish. The price of SCHW is currently down -1.13% at $57.07.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of Charles Schwab to decrease. This, combined with the current price decrease of -1.13%, suggests a negative short-term impact on the stock. However, the positive ratings from Piper Sandler and Wolfe Research may mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100