Amgen Unusual Options Activity For April 02
Portfolio Pulse from Benzinga Insights
Financial analysis reveals unusual options activity on Amgen (NASDAQ:AMGN), with a bearish sentiment prevailing among traders. The analysis showed 81% bearish versus 18% bullish trades, focusing on a price target range of $250.0 to $320.0. The largest trades included both calls and puts, with significant open interest and volume observed. Amgen, a biotechnology leader, has a diverse portfolio of therapeutics and a recent acquisition enhancing its rare disease drug offerings. The stock is currently trading at $283.36, with a neutral RSI and an upcoming earnings report in 23 days.
April 02, 2024 | 6:15 pm
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NEUTRAL IMPACT
Unusual options activity on Amgen with a bearish sentiment. Price target range is $250-$320. The company has a strong biotech portfolio and an upcoming earnings report.
The bearish sentiment in options trading could indicate market expectations of a downturn, but Amgen's strong portfolio and upcoming earnings report could mitigate negative impacts. The neutral RSI suggests the stock is currently balanced, making the short-term impact uncertain.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100