Farfetch Option Alert: Jun 23 $6 Calls Sweep (25) near the Ask: 2652 @ $0.29 vs 304 OI; Ref=$5.92
Portfolio Pulse from Charles Gross
Farfetch (FTCH) experienced a sweep of 2,652 call options for June 23 at a strike price of $6, near the ask price of $0.29, compared to an open interest of 304. The stock is currently trading at $5.92.
June 13, 2023 | 1:44 pm
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NEUTRAL IMPACT
Farfetch's stock may experience short-term volatility due to the significant increase in call options for June 23 at a $6 strike price.
The sweep of 2,652 call options for June 23 at a $6 strike price indicates increased interest in the stock. This may lead to short-term volatility, but it is uncertain whether the stock price will go up or down as a result.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100