Coupang Option Alert: Aug 18 $17.5 Calls Sweep (39) near the Ask: 1597 @ $0.94 vs 3496 OI; Ref=$15.93
Portfolio Pulse from Charles Gross
Coupang (CPNG) sees a significant options activity with 1,597 Aug 18 $17.5 calls sweep near the ask price at $0.94, compared to 3,496 open interest; stock reference price at $15.93.
May 25, 2023 | 1:46 pm
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NEUTRAL IMPACT
Coupang's stock may experience short-term volatility due to the significant options activity with 1,597 Aug 18 $17.5 calls sweep near the ask price at $0.94.
The significant options activity in Coupang's Aug 18 $17.5 calls indicates that investors are expecting potential price movement in the short term. However, it is difficult to predict the exact direction of the stock price based on this information alone. The stock may experience short-term volatility, but the overall impact on the stock price remains uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100