American Intl Gr's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards American Intl Gr (NYSE:AIG), with a significant move in options trading detected by Benzinga. The activity includes 6 puts and 2 calls, indicating a bearish outlook with a target price range of $65.0 to $77.5. AIG's current market status shows a neutral RSI and a trading volume of 2,022,021, with its price at $69.51. The next earnings report is due in 12 days.
February 01, 2024 | 6:31 pm
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A significant bearish sentiment in options trading for AIG has been detected, with a focus on puts over calls. The current market status is neutral, and an earnings report is expected soon.
The bearish sentiment among deep-pocketed investors, as evidenced by the predominance of puts in recent options trading, suggests a negative outlook for AIG's stock price in the short term. The upcoming earnings report adds to the uncertainty, potentially impacting investor sentiment and stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100