Looking At Simon Property Group's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Simon Property Group (NYSE:SPG), with a large bullish position appearing on publicly available options history. The overall sentiment of these big-money traders is split between 66% bullish and 33% bearish. The price range targeted by these traders for SPG over the last 3 months is from $105.0 to $130.0. Stifel has maintained their Buy rating on SPG, with a price target of $130.
November 03, 2023 | 4:30 pm
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Unusual options activity observed for Simon Property Group, with a large bullish position. The price target range for SPG over the last 3 months is from $105.0 to $130.0.
The unusual options activity, particularly the large bullish position, indicates that there is a strong belief among some traders that SPG's stock price will rise. This is further supported by Stifel maintaining their Buy rating on SPG, with a price target of $130.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100