Cinemark Hldgs Option Alert: Jul 21 $20 Calls Sweep (3) near the Ask: 1500 @ $0.55 vs 334 OI; Earnings 8/4 Before Open [est] Ref=$18.59
Portfolio Pulse from Charles Gross
Cinemark Holdings (CNK) sees a sweep of 1,500 July 21 $20 call options near the ask price of $0.55, with earnings expected on August 4 before the market opens.
June 09, 2023 | 4:21 pm
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Cinemark Holdings experiences a sweep of 1,500 July 21 $20 call options, indicating bullish sentiment ahead of earnings release on August 4.
The sweep of 1,500 call options at a strike price of $20 indicates that investors are expecting Cinemark Holdings' stock price to rise in the short term. This bullish sentiment could be driven by the upcoming earnings release on August 4. The increased options activity may lead to a short-term increase in CNK's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100