Looking At Procter & Gamble's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Procter & Gamble (NYSE:PG) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $80.0 to $195.0 for Procter & Gamble over the last 3 months. The current price of PG is down -1.36% at $151.95.
September 19, 2023 | 4:16 pm
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POSITIVE IMPACT
Procter & Gamble has seen significant bullish options activity, indicating a potential upward movement in the short term. However, the sentiment is split with 40% bearish sentiment also present.
The unusual options activity, particularly the bullish stance taken by big-money traders, indicates a potential upward movement for Procter & Gamble's stock. However, the presence of a 40% bearish sentiment among these traders also suggests some uncertainty, which could potentially limit the upward movement.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100