Coterra Energy Option Alert: Jun 16 $28 Calls Sweep (4) near the Ask: 4537 @ $0.168 vs 783 OI; Ref=$25.87
Portfolio Pulse from Charles Gross
Coterra Energy (CTRA) sees a significant volume of June 16 $28 call options being bought near the ask price, with 4,537 contracts at $0.168, compared to an open interest of 783. The stock is currently trading at $25.87.
May 22, 2023 | 2:30 pm
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NEUTRAL IMPACT
Coterra Energy's stock may experience short-term volatility due to the high volume of June 16 $28 call options being bought near the ask price.
The high volume of call options being bought near the ask price indicates increased interest in the stock, which could lead to short-term volatility. However, it is uncertain whether this will result in a positive or negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100