Whales with significant capital are displaying a positive outlook on Hewlett Packard by engaging in options trading. Analyzing the history of options activity, 8 operations were detected, with 75% of investors being bullish and 25% bearish. The total amount of put options traded was $518,265, while call options amounted to $93,452, reflecting investors’ expectations. Big players have set a price range of $15.0 to $30.0 for Hewlett Packard in the past quarter, based on volume and open interest.
Examining the volume and open interest in these contracts provides insight into the liquidity and interest in Hewlett Packard options within the $15.0 to $30.0 strike price range. Over the last 30 days, major options trades have been observed, including bullish sentiment towards the stock.
Hewlett Packard Enterprise, a provider of information technology solutions, focuses on hardware and software for businesses. With a trading volume of 6,901,387, the stock price of HPE decreased by -2.18% to $20.66. Current RSI values suggest the stock may be nearing overbought territory, with the next earnings report expected in 55 days.
Expert opinions on Hewlett Packard indicate mixed sentiments, with analysts from Morgan Stanley, B of A Securities, and UBS maintaining neutral ratings on the stock. The average target price from 5 experts stands at $21.0, with different analysts providing varying price targets based on their assessments.
Trading options carries risks but also offers potential for higher profits. Skilled traders manage these risks through education, strategic adjustments, and market analysis. Staying informed about Hewlett Packard options trading can provide valuable insights for investors. Explore real-time alerts with Benzinga Pro to stay updated on the latest developments in options trading for Hewlett Packard.
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https://www.benzinga.com/insights/options/24/07/39621215/behind-the-scenes-of-hewlett-packards-latest-options-trends