Frontier Communications Option Alert: Aug 18 $20 Calls at the Ask: 2500 @ $0.8 vs 682 OI; Earnings 8/4 Before Open [est] Ref=$16.24
Portfolio Pulse from Charles Gross
Frontier Communications (FYBR) sees a surge in Aug 18 $20 call options at the ask price, with 2500 contracts traded at $0.8, compared to 682 open interest. Earnings are expected on August 4 before the market opens.
June 08, 2023 | 3:27 pm
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Increased activity in Frontier Communications' Aug 18 $20 call options may indicate bullish sentiment ahead of the company's earnings release on August 4.
The surge in call options for Frontier Communications at the $20 strike price with an expiration date of August 18 indicates that investors are expecting the stock price to rise. This increased activity, coupled with the upcoming earnings release on August 4, suggests that there may be positive sentiment surrounding the company's financial performance. As a result, the stock price is likely to be impacted positively in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100