Whales with significant funds have shown a bullish interest in Hewlett Packard, with 50% of investors opening operations with bullish expectations. There have been a total of 18 operations detected, with 2 sales totaling $103,705 and 16 purchases totaling $805,229. The target price range for Hewlett Packard has been between $19.0 to $23.0 over the past three months.
Examining the volume and open interest trends of these contracts provides insight into the liquidity and interest in Hewlett Packard options within the $19.0 to $23.0 strike price range over the last 30 days. Notable options include bullish and bearish calls and puts with varying trade prices and open interest.
Hewlett Packard Enterprise is a leading information technology provider, specializing in hardware, software, and high-performance computing. The company aims to be a complete edge-to-cloud provider and boasts a primarily outsourced manufacturing model with a global workforce of 60,000 employees.
The current market status of Hewlett Packard shows a volume of 9,316,901 and a price increase of 2.86% to $21.05. RSI indicators suggest that the stock may be approaching overbought territory, with earnings expected in 63 days. Market experts have issued ratings for the stock, with a consensus price target of $22.0.
Various analysts have maintained their ratings on Hewlett Packard, with price targets ranging from $21 to $24. Options trading comes with risks but also potential for higher profits, and smart traders stay informed and mitigate risks through strategic adjustments and market awareness. Stay updated on Hewlett Packard options trades with real-time alerts from Benzinga Pro.
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https://www.benzinga.com/insights/options/24/06/39489436/smart-money-is-betting-big-in-hpe-options