Futu Hldgs Unusual Options Activity For October 04
Portfolio Pulse from Benzinga Insights
Unusual options activity has been detected for Futu Holdings (NASDAQ:FUTU), with a significant amount of bullish trades. The options scanner identified 63 uncommon trades, with 55 calls and 8 puts, indicating a mixed sentiment but leaning bullish. The projected price targets range from $57 to $190. The stock is currently trading at $125.02, up 1.82%, but RSI indicators suggest it may be overbought. An analyst from B of A Securities maintains a Buy rating with a $90 price target.
October 04, 2024 | 5:16 pm
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Futu Holdings has seen unusual options activity with a bullish tilt, indicating potential positive sentiment among big-money traders. The stock is currently up 1.82% at $125.02, but RSI suggests it may be overbought. An analyst maintains a Buy rating with a $90 target.
The detection of unusual options activity, particularly with a majority of bullish trades, suggests that investors are expecting positive movement in Futu Holdings' stock price. The current price increase and analyst Buy rating further support this sentiment. However, the RSI indicating overbought conditions could temper short-term gains.
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