Snap Option Alert: Aug 18 $12 Calls Sweep (11) near the Ask: 493 @ $0.62 vs 940 OI; Earnings 7/20 After Close [est] Ref=$9.895SNAP
Portfolio Pulse from Charles Gross
Snap Inc. experienced a sweep of 493 Aug 18 $12 call options near the ask price of $0.62, compared to an open interest of 940. Earnings are estimated to be released on July 20 after market close.
May 31, 2023 | 4:10 pm
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Snap Inc. witnessed a sweep of 493 Aug 18 $12 call options, indicating increased bullish sentiment. Earnings are estimated to be released on July 20 after market close.
The sweep of 493 Aug 18 $12 call options near the ask price indicates that investors are expecting Snap Inc.'s stock price to rise in the short term. This bullish sentiment could lead to an increase in the stock price. Additionally, the upcoming earnings release on July 20 may also impact the stock price, depending on the results.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100