Looking At JD.com's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity on JD.com (NASDAQ:JD) indicates a bearish sentiment among deep-pocketed investors, with a significant portion of activity in puts over calls. The options activity targets a price range of $15.0 to $30.0 for JD.com. The company's current market status shows a 3.03% increase in stock price to $26.86, with an RSI suggesting it may be approaching overbought territory. Analysts have mixed ratings on JD.com, with target prices ranging from $26 to $55.
March 12, 2024 | 2:01 pm
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Unusual options activity indicates a bearish sentiment among investors, with a focus on puts over calls. The stock is currently up, but RSI suggests it may be overbought. Analysts have mixed views, with target prices ranging significantly.
The bearish sentiment from unusual options activity, combined with the stock's current overbought status according to RSI readings, suggests potential short-term downside. However, the wide range of analyst target prices indicates uncertainty about the stock's future direction.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100