Peloton Interactive Option Alert: Jun 23 $10 Calls Sweep (8) near the Ask: 922 @ $0.411 vs 999 OI; Ref=$9.435
Portfolio Pulse from Charles Gross
Peloton Interactive (PTON) sees a sweep of 922 call options for June 23 at $10 strike price, near the ask price of $0.411, compared to 999 open interest; stock reference price at $9.435.
June 15, 2023 | 9:55 am
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Peloton Interactive experiences a sweep of 922 call options for June 23 at $10 strike price, which may indicate bullish sentiment among investors.
The sweep of 922 call options for Peloton Interactive at a $10 strike price indicates that some investors are expecting the stock price to rise above $10 by June 23. This bullish sentiment could have a positive short-term impact on PTON's stock price, as it shows increased demand for the stock. However, it is important to note that options trading activity is just one factor among many that can influence stock prices.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100