Groupon Option Alert: Aug 18 $6 Calls Sweep (3) near the Ask: 500 @ $0.67 vs 3373 OI; Earnings 8/7 After Close [est] Ref=$4.64
Portfolio Pulse from Charles Gross
Groupon (GRPN) sees a sweep of 500 Aug 18 $6 calls near the ask price of $0.67, compared to an open interest of 3,373. Earnings are expected on August 7 after market close.
June 15, 2023 | 1:39 pm
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NEUTRAL IMPACT
Groupon's stock may experience short-term volatility due to the sweep of 500 Aug 18 $6 calls near the ask price of $0.67, ahead of earnings on August 7.
The sweep of 500 Aug 18 $6 calls near the ask price of $0.67 indicates increased options activity, which may lead to short-term volatility in Groupon's stock price. However, the impact of this activity on the stock price is uncertain, as it depends on the upcoming earnings release and other market factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100