Behind the Scenes of Peloton Interactive's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Peloton Interactive (NASDAQ:PTON) has seen significant options trading activity, with a bullish sentiment from big-money investors. Benzinga's options scanner revealed 8 trades, showing a preference for calls over puts, indicating expectations of a price increase. The trades suggest a target price window of $5.0 to $7.0. Despite this, PTON's stock is currently down by -10.71%, trading at $2.88, with an earnings announcement imminent. Analysts have mixed views, with an average target price of $3.625.
May 02, 2024 | 6:33 pm
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Significant options trading activity indicates bullish sentiment among big-money investors, with a target price window of $5.0 to $7.0. However, the stock is currently down, trading at $2.88, with mixed analyst ratings and an imminent earnings announcement.
The bullish options activity, especially the preference for calls over puts, suggests that investors are expecting a price increase for PTON in the short term. This is further supported by the target price window of $5.0 to $7.0 identified from the options trading. However, the current stock price decline and the mixed analyst ratings introduce uncertainty, which is somewhat mitigated by the imminent earnings announcement that could potentially act as a catalyst for the stock.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100