C3.ai Option Alert: Fri $50 Calls Sweep (18) near the Ask: 751 @ $2.25 vs 12703 OI; Earnings 5/31 After Close Ref=$40.2
Portfolio Pulse from Charles Gross
C3.ai sees a surge in call options with a strike price of $50 expiring on Friday, with 751 contracts traded at $2.25, compared to an open interest of 12,703. Earnings will be announced on 5/31 after market close.
May 31, 2023 | 2:55 pm
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NEUTRAL IMPACT
C3.ai's stock may experience short-term volatility due to the surge in call options with a $50 strike price expiring on Friday, ahead of the earnings announcement on 5/31.
The surge in call options with a $50 strike price expiring on Friday indicates increased interest in C3.ai's stock. This may lead to short-term volatility as traders position themselves ahead of the earnings announcement on 5/31. However, the direction of the stock price movement is uncertain, as it will depend on the earnings results and market sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100