Linde's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Financial analysis of Linde (NASDAQ:LIN) options trading reveals a bearish sentiment among big money traders, with 57% showing bearish tendencies and 42% bullish. The analysis highlighted unusual trades, including 2 puts and 17 calls, targeting a price range of $385.0 to $465.0 for Linde. Current trading volume and RSI indicators suggest Linde may be overbought, with its stock price slightly down at $467.56. Linde, a leading industrial gas supplier, generated approximately $33 billion in revenue in 2023.
March 12, 2024 | 4:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Linde's options trading analysis indicates a bearish sentiment among investors, with a significant portion of trades showing bearish tendencies. The stock is currently slightly down and may be overbought according to RSI indicators.
The bearish sentiment among big money traders, as evidenced by the higher percentage of bearish trades and the current slight downturn in Linde's stock price, suggests a potential short-term negative impact on the stock. The analysis of options trading and the current market status, including the RSI indicators suggesting overbought conditions, support this outlook.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100