What the Options Market Tells Us About Block
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish sentiment towards Block (NYSE:SQ), with options market activity indicating a focus on a price band between $35.0 and $85.0. The options scanner at Benzinga highlighted 18 significant activities, with a majority being bullish. The largest trades include both calls and puts with sentiments ranging from bullish to bearish. Block's current trading volume is 3,297,513, with a price decrease of -4.31%, and an RSI indicating a neutral position. Analysts have issued varying ratings, with a consensus target price of $88.0.
February 13, 2024 | 3:45 pm
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Block (NYSE:SQ) sees bullish sentiment in the options market, with a price band focus between $35.0 and $85.0. Analysts have varying opinions, setting a consensus target price at $88.0.
The bullish sentiment in the options market, combined with the analysts' optimistic target prices, suggests a positive short-term outlook for SQ. The significant options activity, especially the bullish trades, indicates investor confidence in the stock's potential to reach or exceed the analysts' target prices.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100