Looking At Toyota Motor's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Toyota Motor (NYSE:TM), with 70% of recent trades being bearish and 30% bullish. The trades include 5 puts totaling $237,759 and 5 calls totaling $360,071. The targeted price range for Toyota Motor over the last 3 months has been $180.0 to $195.0. The current price of TM is up 0.48% at $181.37, and the next earnings are expected in 34 days.
September 27, 2023 | 6:16 pm
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Bearish stance taken on Toyota Motor with 70% of recent trades being bearish. The targeted price range over the last 3 months is $180.0 to $195.0. The current price is up 0.48% at $181.37.
The bearish stance taken by a significant investor, with 70% of recent trades being bearish, indicates a potential downward pressure on the stock price. The targeted price range over the last 3 months is $180.0 to $195.0, which is close to the current price of $181.37, suggesting that the stock price might not increase significantly in the short term. The next earnings release in 34 days could also impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100