Rain Oncology Option Alert: Sep 15 $5 Puts Sweep (13) near the Bid: 2886 @ $3.601 vs 2893 OI; Earnings 8/3 After Close [est] Ref=$1.33
Portfolio Pulse from Charles Gross
Rain Oncology's Sep 15 $5 puts sweep near the bid with 2,886 contracts at $3.601, compared to 2,893 open interest. Earnings are estimated to be released on August 3 after market close.
June 16, 2023 | 4:28 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Rain Oncology sees increased put options activity, indicating potential bearish sentiment. Earnings release expected on August 3 after market close.
The increased put options activity for Rain Oncology suggests that investors may be expecting the stock price to decline in the short term. This bearish sentiment could be driven by various factors, including the upcoming earnings release on August 3. The close proximity of the number of contracts to the open interest also indicates that this options activity is significant and could impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100