Charles Schwab Unusual Options Activity For October 02
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been observed in Charles Schwab's (NYSE:SCHW) options activity, with 75% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $42.5 to $55.0 for Charles Schwab over the last 3 months. JMP Securities downgraded its action to Market Outperform with a price target of $77, Barclays maintained their Equal-Weight rating with a price target of $64, and Raymond James maintained their Outperform rating with a price target of $72.

October 02, 2023 | 5:01 pm
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NEGATIVE IMPACT
Bearish stance observed in Charles Schwab's options activity. Analysts give mixed ratings.
The bearish stance in Charles Schwab's options activity indicates a negative sentiment among investors, which could potentially lead to a decrease in the stock price. The mixed analyst ratings further add to the uncertainty surrounding the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100