Decoding Autodesk's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bullish sentiment on Autodesk (NASDAQ:ADSK), with options activity indicating a target price range of $260 to $290. The activity, highlighted by Benzinga, includes 7 calls and 1 put, with a majority bullish outlook. Autodesk's current market status shows a trading volume of 732,158 and a price of $256.45, with an anticipated earnings release in 17 days. Analyst ratings vary, with a consensus target price of $256 and differing opinions on the stock's future performance.
February 05, 2024 | 8:31 pm
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Autodesk sees bullish options activity with a price target range of $260-$290, amidst mixed analyst ratings and an upcoming earnings release.
The bullish sentiment in options trading, combined with the upcoming earnings release and mixed analyst ratings, suggests a potential short-term increase in Autodesk's stock price. The significant options activity, especially the bullish calls, indicates investor confidence in the stock reaching the $260-$290 price range. However, the mixed analyst ratings and the current price being close to the lower end of the target range introduce some uncertainty, hence the importance and confidence scores.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100