Coherent Option Alert: Jan 19 $55 Calls Sweep (17) near the Ask: 1275 @ $2.8 vs 6347 OI; Ref=$38.37
Portfolio Pulse from Charles Gross
Coherent Option Alert reports a sweep of 1,275 Jan 19 $55 calls near the ask price at $2.8, compared to 6,347 open interest; the reference price is $38.37.
June 05, 2023 | 1:41 pm
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Coherent (COHR) sees a sweep of 1,275 Jan 19 $55 calls near the ask price at $2.8, compared to 6,347 open interest; the reference price is $38.37.
The sweep of 1,275 Jan 19 $55 calls near the ask price at $2.8 indicates that investors are expecting the stock price of Coherent (COHR) to rise in the short term. This bullish sentiment could lead to an increase in the stock price, resulting in a positive short-term impact on COHR.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100