Bearish Sentiment Grows Among Investors for Symbotic (SYM)

Bearish sentiment grows for Symbotic as investors split between bullish and bearish positions. Investors should watch signals from options trading activity closely.

Date: 16-01-2025

AI Rating: 5

The report analyzes the current options trading activity for Symbotic (SYM), indicating a notable bearish sentiment among significant investors. The data reveals that the positions in options trades lean slightly more towards bearish (60%) compared to bullish (40%). This mixture of sentiment may reflect investors' cautious outlook on the stock's near-term performance.

Current Options Activity
Overall, 10 options trades were tracked, with 1 put option totaling $30,800 and 9 call options worth $382,572. The divergence in option types could suggest uncertainty in the stock's price direction.

Volume and Open Interest
The average open interest for options of Symbotic is recorded at 912.88, with a total volume of 2,364.00 for the day. Analyzing the volume and open interest, it appears that major players expect the stock price to range between $20.00 and $32.50 over the recent period.

Price Movements and Expert Ratings
Currently, the stock is trading at $32.28, reflecting a significant increase of 20.58%. Expert opinions reveal a consensus target price among analysts of $34.75, which indicates a somewhat optimistic view, although this also depends on the market environment ahead of the earnings release scheduled in 18 days.

Bearish options trends signal that some investors might anticipate market volatility or negative announcements that could further influence stock prices. The mix of bullish and bearish trades suggests that traders are trying to hedge their bets as uncertainty looms over Symbotic's stock performance.

Stocks: SYM