Frontier Communications Option Alert: Jun 16 $15 Calls Sweep (24) near the Ask: 411 @ $1.15 vs 222 OI; Ref=$15.22
Portfolio Pulse from Charles Gross
Frontier Communications (FYBR) saw a sweep of 411 June 16 $15 call options near the ask price of $1.15, compared to an open interest of 222. The stock is currently trading at $15.22.
May 25, 2023 | 3:07 pm
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Frontier Communications (FYBR) experienced a sweep of 411 June 16 $15 call options near the ask price of $1.15, indicating increased bullish sentiment.
The sweep of 411 June 16 $15 call options for Frontier Communications (FYBR) near the ask price of $1.15, compared to an open interest of 222, indicates increased bullish sentiment among investors. This could lead to a short-term increase in the stock price as more investors buy call options, expecting the stock price to rise.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100