Market Whales and Their Recent Bets on Block Options
Portfolio Pulse from Benzinga Insights
Recent analysis of options trading for Block (NYSE:SQ) reveals a mixed sentiment among investors, with a nearly even split between bullish and bearish positions. Significant trading activity suggests expectations for Block's stock price to range between $45.0 and $130.0 in the coming months. Notable trades include a mix of calls and puts with varying sentiments and expiration dates. Block, known for its payment services and Cash App, has seen its stock price increase by 2.83% to $84.95, with analysts maintaining a positive outlook and setting target prices between $86 and $100.
March 26, 2024 | 4:31 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Block's options trading shows a balanced mix of bullish and bearish sentiment, with significant activity suggesting a price range of $45-$130. Analysts remain positive, setting target prices up to $100.
The balanced sentiment in options trading indicates uncertainty, but the overall positive outlook from analysts and the recent price increase suggest a potential short-term upward movement in Block's stock price. The detailed analysis of options trading, along with expert opinions and the current stock performance, supports this view.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100