Spotlight on Shell: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Shell (NYSE:SHEL) has seen a surge in options activity, with a bearish sentiment from big-money investors. The options trades are split between 37% bullish and 62% bearish, with significant trades in both puts and calls. The projected price targets for Shell range from $60 to $75. The stock is currently down 3.57% at $65.59, and RSI indicators suggest it may be oversold.
September 26, 2024 | 3:47 pm
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Shell has experienced unusual options activity with a bearish sentiment from large investors. The stock is currently down 3.57% at $65.59, and RSI indicators suggest it may be oversold. The projected price range is $60 to $75.
The article highlights a significant bearish sentiment among large investors in Shell's options market, with 62% of trades being bearish. This suggests a potential downward pressure on the stock price. The current price drop of 3.57% and oversold RSI indicators further support a negative short-term outlook.
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