GSI Technology Option Alert: Dec 15 $5 Calls Sweep (6) near the Ask: 85 @ $4.2 vs 486 OI; Earnings 7/27 After Close [est] Ref=$7.85
Portfolio Pulse from Charles Gross
GSI Technology (GSIT) sees a sweep of 85 Dec 15 $5 calls near the ask price at $4.2, compared to 486 open interest. Earnings are expected on 7/27 after market close with the stock currently trading at $7.85.
June 14, 2023 | 3:06 pm
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NEUTRAL IMPACT
Increased options activity in GSI Technology (GSIT) may indicate increased volatility in the short term, with the stock currently trading at $7.85.
The sweep of 85 Dec 15 $5 calls near the ask price at $4.2, compared to 486 open interest, indicates increased options activity in GSIT. This may lead to increased volatility in the short term, but it's not clear whether the stock price will go up or down. The earnings announcement on 7/27 may also impact the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100