JD.com Unusual Options Activity For April 02
Portfolio Pulse from Benzinga Insights
Financial analysis of JD.com (NASDAQ:JD) reveals unusual options activity, with a bearish sentiment prevailing among significant investors. The analysis shows 11 unusual trades, with 36% bullish and 63% bearish tendencies. The trades include 3 puts valued at $941,595 and 8 calls valued at $770,355. The predicted price range for JD.com over the next three months is between $24.0 and $35.0. The volume and open interest of calls and puts within this price range have been analyzed for the last 30 days. Additionally, JD.com's current market standing shows a slight price decrease with a potential overbought situation. Expert opinions vary, with an average target price of $33.4, ranging from neutral to buy ratings.
April 02, 2024 | 3:46 pm
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NEUTRAL IMPACT
JD.com's unusual options activity indicates a bearish sentiment among investors, with a mix of puts and calls suggesting a volatile short-term outlook. The stock's slight price decrease and potential overbought situation, coupled with varied expert opinions, could influence its short-term performance.
The bearish sentiment from the unusual options activity, combined with the current slight price decrease and the potential overbought situation, suggests a cautious short-term outlook for JD.com. However, the varied expert opinions and the average target price of $33.4 provide a counterbalance, indicating potential for both volatility and recovery in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100