Investors with substantial capital are showing a positive outlook on Hewlett Packard Enterprise (HPE), according to recent options trading activity. Benzinga’s options scanner identified 13 unusual trades for HPE, indicating significant interest from deep-pocketed traders. The sentiment among these investors is split between bullish and bearish outlooks, with a focus on price targets ranging from $18.0 to $23.0 based on the volume and open interest of options contracts.
Tracking volume and open interest is crucial when analyzing options trading, as it provides insights into the liquidity and interest in a particular stock like Hewlett Packard. Over the past 30 days, the options activity for HPE has been notable, with a mixture of call and put trades within the specified price range.
Hewlett Packard Enterprise is an established information technology provider specializing in hardware and software solutions for businesses. The company aims to be a comprehensive edge-to-cloud provider, offering hybrid cloud and hyperconverged infrastructure services. Currently, HPE’s trading volume is 15,319,971, with the stock price at $20.56. Analysts have varying perspectives on HPE, with price targets ranging from $17 to $26.
Options trading carries both risks and rewards, requiring traders to stay informed, adapt their strategies, and monitor market indicators closely. Keeping track of Hewlett Packard’s options trades through real-time alerts from Benzinga Pro can help investors make informed decisions. Overall, the recent options activity suggests that investors are closely watching HPE and positioning themselves for potential market movements.
Article Source
https://www.benzinga.com/insights/options/24/06/39439148/check-out-what-whales-are-doing-with-hpe
