Coupang Option Alert: Jun 16 $17 Calls Sweep (36) near the Ask: 1805 @ $0.34 vs 20 OI; Ref=$15.89
Portfolio Pulse from Charles Gross
Coupang (CPNG) sees a significant increase in Jun 16 $17 call options, with 1805 contracts traded at $0.34, compared to an open interest of 20 contracts. The stock is currently trading at $15.89.
May 25, 2023 | 1:45 pm
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NEUTRAL IMPACT
Coupang's stock may experience short-term volatility due to the significant increase in Jun 16 $17 call options, with 1805 contracts traded at $0.34.
The significant increase in call options indicates that investors are expecting the stock price to rise in the short term. However, this may also lead to increased volatility as market participants react to the options activity. The stock price may experience fluctuations, but it is uncertain whether it will result in a significant price change.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100