Investors with significant capital have recently taken a pessimistic view on Hewlett Packard Energy efficiency, which should alert retailers to pay attention. Benzinga detected 25 unusual options trades for Hewlett Packard, a departure from the norm. The sentiment of these top traders is mostly bearish, with 88% of trades falling under this category. Evaluating the data, the main market drivers are focusing on a price range between $17.0 and $26.0 for Hewlett Packard within the past three months.
In the past 30 days, analyzing volume and open interest for call and put options linked to Hewlett Packard within the strike price range of $17.0 to $26.0 reveals fluctuations in investor interest. Notable trades include put options for $163,180 and call options for $1,240,346, involving varying expiration dates and strike prices.
Hewlett Packard Enterprise is an information technology provider offering hardware and software solutions to businesses. Its product lines include computing servers, storage arrays, and networking equipment. With a workforce of 60,000 worldwide, HPE aims to be a comprehensive enterprise providing services from the edge to the cloud.
Currently, HPE’s stock price stands at $21.16 with a trading volume of 12,615,618, showing a slight decrease. RSI indicators suggest potential overbought conditions, with upcoming results expected in 57 days. Market experts have issued various ratings for Hewlett Packard, with a consensus target price of $22.2.
Analysts at Morgan Stanley, Susquehanna, Evercore ISI Group, Argus Research, and B of A Securities have provided ratings ranging from Equal-Weight to Buy, with target prices in the $20 to $26 range. Options trading carries higher risks but also potential rewards, requiring traders to stay informed, adapt strategies, and closely monitor market movements. Stay updated on the latest Hewlett Packard options trades through real-time alerts from Benzinga Pro.
Article Source
https://www.benzinga.com/insights/options/24/07/39584494/decoding-hewlett-packards-options-activity-whats-the-big-picture
