Market Whales and Their Recent Bets on VST Options
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bearish sentiment among large investors towards Vistra (NYSE:VST). Benzinga's options scanner detected 18 unusual trades, with 61% being bearish. The trades suggest a price range of $70.0 to $120.0 for VST over the next three months. The stock is currently trading at $91.3, up by 3.49%, with an RSI indicating it may be approaching overbought territory. Morgan Stanley maintains an Overweight rating with a target price of $110.
June 11, 2024 | 5:46 pm
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Large investors have taken a predominantly bearish stance on Vistra (NYSE:VST) based on recent options trading activity. This could indicate potential downward pressure on the stock price in the short term.
The detection of 18 unusual options trades with 61% being bearish suggests that significant investors expect a decline in Vistra's stock price. This bearish sentiment is likely to influence retail traders and could lead to short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100