Charles Schwab Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Charles Schwab (NYSE:SCHW) with unusual options activity. 19 options trades were spotted, with 18 being puts and 1 call. The sentiment of these traders is 21% bullish and 78% bearish. The targeted price range for Charles Schwab over the last 3 months is $50.0 to $65.0. The current price of SCHW is down -1.56% at $51.09. Analysts from JMP Securities, Barclays, Piper Sandler, and Raymond James have given their ratings and price targets.
October 20, 2023 | 3:16 pm
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Charles Schwab has seen unusual options activity with a bearish sentiment. Analysts have given their ratings and price targets.
The unusual options activity, particularly the bearish sentiment, indicates that traders expect the price of Charles Schwab to decrease. This could negatively impact the stock price in the short term. Additionally, the current price of SCHW is already down by -1.56%. The ratings and price targets given by analysts also play a role in influencing the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100