Smart Money Is Betting Big In NXPI Options
Portfolio Pulse from Benzinga Insights
Significant activity in NXP Semiconductors (NASDAQ:NXPI) options has been observed, indicating a bullish stance by smart money, with a mix of 51% bullish and 48% bearish sentiment among 35 unusual options trades. The trades include 3 puts and 32 calls, with a price target range of $230 to $370. The trading volume and RSI indicators suggest NXPI may be overbought, with an earnings announcement expected in 53 days. Analysts have set an average price target of $254, with varying ratings from Neutral to Buy.
March 07, 2024 | 4:46 pm
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POSITIVE IMPACT
Significant options activity and analyst interest in NXPI suggest a bullish outlook, with a price target range of $230-$370 and an average target of $254. The stock may be overbought, indicating potential short-term volatility.
The significant options activity, particularly the bullish sentiment among smart money, indicates a positive outlook for NXPI. However, the mention of the stock potentially being overbought and the upcoming earnings announcement could introduce short-term volatility. Analyst ratings and price targets further support the bullish sentiment but also suggest a cautious approach due to the mixed ratings.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100