Manchester United Option Alert: May 26 $20.5 Calls at the Ask: 300 @ $0.9 vs 1 OI; Earnings 5/30 Before Open [est] Ref=$19.03
Portfolio Pulse from Charles Gross
Manchester United (MANU) sees a significant increase in May 26 $20.5 call options at the ask price of $0.9, with 300 contracts traded versus an open interest of 1. Earnings are expected on May 30 before the market opens.
May 19, 2023 | 2:11 pm
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NEUTRAL IMPACT
Manchester United's stock may experience short-term volatility due to the significant increase in call options trading. Earnings announcement on May 30 could also impact the stock price.
The increase in call options trading for Manchester United indicates that investors are expecting the stock price to rise. However, the upcoming earnings announcement on May 30 could have a positive or negative impact on the stock price, depending on the results. This creates uncertainty in the short-term price direction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100