What the Options Market Tells Us About Faraday Future
Portfolio Pulse from Benzinga Insights
High-rolling investors are showing bullish interest in Faraday Future (NASDAQ:FFIE) through options trading, with significant call options activity suggesting a potential price range of $1.0 to $8.0. The stock is currently trading at $6.51, up 81.48%.
August 22, 2024 | 3:46 pm
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Faraday Future (NASDAQ:FFIE) sees significant bullish options activity, with 7 call options totaling $302,372 and only 1 put option. This suggests investor confidence in a price range of $1.0 to $8.0.
The options market activity, with a majority of call options, indicates bullish sentiment among investors. The stock's recent price increase of 81.48% to $6.51 aligns with this sentiment, suggesting potential for further upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100