Sunrun Option Alert: Jul 21 $20 Calls at the Ask: 1500 @ $1.69 vs 949 OI; Earnings 8/2 After Close [est] Ref=$19.26
Portfolio Pulse from Charles Gross
Sunrun (RUN) sees a surge in July 21 $20 call options at the ask price, with 1500 contracts traded at $1.69, compared to 949 open interest. Earnings are expected on August 2 after market close.
June 06, 2023 | 4:18 pm
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Increased activity in Sunrun's July 21 $20 call options may indicate bullish sentiment ahead of earnings release on August 2.
The surge in call options trading at the ask price indicates that investors are expecting the stock price to rise in the short term. This bullish sentiment may be driven by anticipation of positive earnings results on August 2. The increased activity compared to the open interest suggests that there is a growing interest in this particular option, which could impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100