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Barchart
Mark R. Hake, CFA

Unusual Options Volume in Hewlett Packard Enterprise Co Ahead of Earnings Shows Investors Bullish on HPE

HPE Hewlett Packard Enterprise Co Yahoo Finance

Today's heavy volume in out-of-the-money (OTM) put and call options in Hewlett Packard Enterprise Co. (HPE) shows investors are bullish ahead of its fiscal Q3 earnings release tomorrow. Moreover, analysts have higher HPE price targets.

HPE is down today in midday trading at $50.87, but the stock is higher than a recent low at the end of July ($44.44 on July 29). However, it's still below a recent peak of $59.82 on Aug. 13.

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