Looking At Charles Schwab's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Charles Schwab (NYSE:SCHW), with a predominantly bearish stance. Of the 16 unusual trades detected, 75% were bearish and 25% bullish. The total trade price for puts was $95,840 and for calls was $1,433,951. Whales have been targeting a price range of $50.0 to $60.0 for Charles Schwab over the last 3 months. The stock is currently up 2.38% at $56.24. Analysts from Piper Sandler, JMP Securities, Raymond James, Morgan Stanley, and JP Morgan have maintained their ratings on Charles Schwab, with price targets ranging from $64 to $85.
November 03, 2023 | 4:01 pm
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NEUTRAL IMPACT
Charles Schwab has seen significant unusual options activity, with a predominantly bearish sentiment. The stock is currently up 2.38% at $56.24. Analysts have maintained their ratings, with price targets ranging from $64 to $85.
The unusual options activity, predominantly bearish, could indicate a potential downward movement in the short term. However, the stock is currently up and analysts have maintained their ratings, suggesting a stable outlook. The impact score is neutral as the bearish sentiment from the options activity is balanced by the positive analyst ratings and current stock performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100