Looking At Charles Schwab's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Charles Schwab (NYSE:SCHW) as indicated by unusual options activity. The sentiment among these big-money traders is split between 32% bullish and 67% bearish. The whales have been targeting a price range from $27.5 to $77.5 for Charles Schwab over the last 3 months. The current price of SCHW is $51.86, up 0.21%. Analysts from Piper Sandler, Barclays, JMP Securities, and Raymond James have maintained their ratings on Charles Schwab with price targets ranging from $55 to $77.
October 10, 2023 | 8:00 pm
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Unusual options activity indicates a bearish stance on Charles Schwab. The sentiment among big-money traders is 67% bearish. Analysts have maintained their ratings with price targets ranging from $55 to $77.
The unusual options activity, with a majority being bearish, indicates that big-money traders expect the price of Charles Schwab to decrease. This, combined with the wide range of price targets from analysts, suggests uncertainty and potential downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100