Looking At Apollo Global Management's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Apollo Global Management (NYSE:APO), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 10 uncommon trades, with 70% bullish and 30% bearish sentiment. The trades included 3 puts amounting to $119,991 and 7 calls amounting to $2,399,030. Whales have been targeting a price range from $65.0 to $90.0 for APO over the last 3 months. Major banks have maintained their ratings on APO, with price targets ranging from $81 to $92.
August 04, 2023 | 12:00 pm
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Unusual options activity indicates a bullish stance on Apollo Global Management. Major banks have maintained their ratings, with price targets ranging from $81 to $92.
The unusual options activity, with a majority being bullish, indicates that investors are expecting the stock price to rise. This is further supported by the maintained ratings and price targets from major banks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100