Behind the Scenes of Morgan Stanley's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Morgan Stanley (NYSE:MS) has seen a balanced mix of bullish and bearish options trading, with significant activity in calls over puts. The trading volume and open interest suggest a price target range of $85.0 to $115.0. Notable trades include both bullish and bearish calls with varying expiration dates and strike prices. Morgan Stanley, a global investment bank with over $4 trillion in client assets, currently trades at $88.38, with indicators suggesting it may be approaching overbought territory. The next earnings report is expected in 29 days.
March 18, 2024 | 7:15 pm
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Morgan Stanley has seen equal interest in bullish and bearish options, with a significant volume in calls. The stock is currently trading at $88.38, with potential overbought indicators. An upcoming earnings report in 29 days could influence stock price.
The balanced nature of options trading (bullish and bearish) suggests uncertainty about the stock's direction, making it difficult to predict short-term price movement. However, the upcoming earnings report and the current trading price near the lower end of the predicted range could lead to increased volatility.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100