Block's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Recent analysis of options trading for Block (NYSE:SQ) shows a bullish sentiment among investors, with 64% of trades being bullish and 36% bearish. The trading volume and open interest suggest a price range of $47.5 to $120 for Block. Significant trades include both bullish and bearish positions, with notable activity in calls and puts. Block, known for its payment services and Cash App, is currently trading at $73.61, up 2.81%, with an RSI indicating it may be approaching oversold territory. Analysts maintain positive ratings, with an average target price of $94.4.
April 23, 2024 | 3:45 pm
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POSITIVE IMPACT
Block's bullish options sentiment, combined with analyst optimism and a current uptrend, suggests a positive short-term outlook. The stock's approach to oversold territory could attract more buyers.
The bullish sentiment in options trading, coupled with positive analyst ratings and a current price uptrend, indicates a strong short-term potential for price increase. The RSI nearing oversold territory may signal an upcoming buying opportunity, further supporting a positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100