Trupanion Option Alert: Fri $35 Puts Sweep (26) below Bid!: 555 @ $4.5 vs 28 OI; Earnings 8/2 After Close [est] Ref=$30.93
Portfolio Pulse from Charles Gross
Trupanion (TRUP) experienced a sweep of 555 Fri $35 puts below bid at $4.5, compared to 28 open interest. Earnings are expected on 8/2 after market close.
June 13, 2023 | 3:08 pm
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NEGATIVE IMPACT
Trupanion's stock may be impacted by the sweep of 555 Fri $35 puts below bid at $4.5, compared to 28 open interest. Earnings are expected on 8/2 after market close.
The sweep of 555 Fri $35 puts below bid at $4.5 indicates that some investors are expecting Trupanion's stock price to decline in the short term. This bearish sentiment, combined with the upcoming earnings announcement on 8/2, could lead to increased volatility and downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100