S&P Global's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
S&P Global (NYSE:SPGI) has seen a notable options trading activity, with a bearish sentiment prevailing among traders. Analysis revealed 9 unusual trades, with 44% bullish and 55% bearish. The trades include 4 puts valued at $132,610 and 5 calls valued at $212,880, targeting a price range of $230.0 to $430.0. The current trading volume is 637,456, with SPGI's price up by 1.0% at $430.27. The RSI indicates a neutral position, and earnings are expected in 35 days.
March 21, 2024 | 6:16 pm
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S&P Global has experienced significant options trading activity, with a bearish sentiment among traders. The stock is currently up by 1.0% at $430.27, with a neutral RSI. Earnings are anticipated in 35 days, which could influence stock performance.
The bearish sentiment in options trading suggests a cautious outlook among traders, yet the stock's current positive performance and neutral RSI indicate stability. The upcoming earnings release could be a pivotal moment for SPGI's stock, making it a key asset to watch in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100