Charles Schwab Unusual Options Activity For September 26
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been detected for Charles Schwab (NYSE:SCHW), with 67% of investors opening trades with bearish expectations. The total amount for puts is $1,563,139 and for calls is $375,988. Whales have been targeting a price range from $27.5 to $70.0 for Charles Schwab over the last 3 months. The current price of SCHW is down -2.2% at $54.13. Analysts from Raymond James, Barclays, and JMP Securities have maintained their ratings with price targets of $72, $64, and $77 respectively.
September 26, 2023 | 7:46 pm
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NEGATIVE IMPACT
Charles Schwab has seen a significant amount of bearish options activity. The current price is down -2.2% at $54.13. Analysts have maintained their ratings with price targets of $72, $64, and $77.
The bearish options activity indicates that investors are expecting the price of Charles Schwab to decrease. This, combined with the current price decrease of -2.2%, could potentially lead to a short-term negative impact on the stock. However, the maintained ratings and price targets from analysts suggest a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100