bluebird bio Option Alert: Jul 21 $5 Calls at the Ask: 2500 @ $0.3 vs 752 OI; Earnings 8/3 After Close [est] Ref=$3.71
Portfolio Pulse from Charles Gross
bluebird bio (BLUE) sees a surge in call options for July 21 $5 strike price, with 2,500 contracts traded at $0.3, compared to 752 open interest. Earnings are expected on August 3 after market close.
June 13, 2023 | 6:26 pm
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POSITIVE IMPACT
Increased call options activity for BLUE's July 21 $5 strike price may indicate bullish sentiment ahead of earnings release on August 3.
The surge in call options for BLUE's July 21 $5 strike price indicates that investors are expecting the stock price to rise in the short term. This bullish sentiment may be driven by expectations of positive earnings results on August 3. The increased options activity suggests that investors are positioning themselves for potential gains, which could lead to a short-term increase in BLUE's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100