Investors show mixed sentiment on Allstate as big-money traders make significant moves

Investors with a significant amount of money to spend have recently shown a positive outlook on Allstate (NYSE:ALL). The trades were spotted on publicly available options history that is tracked by Benzinga. It is unclear whether these investors are institutions or wealthy individuals. The sentiment from these big-money traders is divided, with 44% feeling bullish and 33% bearish. Among the notable options trades found today were 5 puts worth $602,580 and 4 calls worth $440,846 for Allstate.

Analyzing the volume and open interest of the options contracts between the strike prices of $165.0 to $185.0 provides insights into the interests of these investors. Allstate, a leading US property and casualty insurer, primarily generates revenue from personal auto insurance but also offers homeowners insurance and other products. Five professional analysts have recently shared their perspective on the stock, setting an average price target of $195.8, further indicating positive prospects for Allstate.

Options trading carries higher risks but also offers greater profit potential compared to trading stocks directly. Serious options traders mitigate these risks by staying informed, adopting strategic trading approaches, and closely monitoring market trends. For those interested in staying updated on the latest options trades related to Allstate, Benzinga Pro provides real-time alerts on options trades.