BridgeBio Pharma Option Alert: Aug 18 $22.5 Calls Sweep (9) near the Ask: 358 @ $2.65 vs 2588 OI; Earnings 8/3 Before Open [est] Ref=$15.92
Portfolio Pulse from Charles Gross
BridgeBio Pharma's August 18 $22.5 calls sweep near the ask with 358 contracts at $2.65, compared to 2588 open interest. Earnings are expected on August 3 before the market opens.
June 06, 2023 | 5:04 pm
News sentiment analysis
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POSITIVE IMPACT
BridgeBio Pharma sees increased call option activity, potentially indicating bullish sentiment ahead of earnings on August 3.
The increased call option activity for BridgeBio Pharma suggests that investors may be expecting a positive earnings report on August 3, which could lead to a short-term increase in the stock price. The sweep near the ask price indicates a higher demand for these options, further supporting the bullish sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100