Smart Money Is Betting Big In Block Options
Portfolio Pulse from Benzinga Insights
Financial giants are showing a bullish sentiment on Block (NYSE:SQ) with 17 unusual trades indicating a preference for calls over puts. The analysis shows a predicted price range for Block between $42.5 and $120.0. Significant options trades include both bullish and bearish sentiments with varying expiration dates and strike prices. Block's current market price is $67.21, with analysts setting an average target price of $87.5. BTIG and Wedbush have upgraded their ratings to Buy and Outperform, respectively.
February 12, 2024 | 4:00 pm
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Block (SQ) exhibits bullish sentiment from financial giants with a mix of bullish and bearish options trades. Analyst upgrades and a current price of $67.21 suggest a positive outlook.
The bullish sentiment from financial giants, combined with analyst upgrades and a predicted price range that exceeds the current market price, suggests a positive short-term impact on SQ's stock price. The mix of bullish and bearish options trades indicates active interest and potential volatility, which could lead to price movements favorable to investors holding or considering SQ.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100