BridgeBio Pharma Option Alert: Aug 18 $22.5 Calls Sweep (17) near the Ask: 129 @ $2.597 vs 2821 OI; Earnings 8/3 Before Open [est] Ref=$16.29
Portfolio Pulse from Charles Gross
BridgeBio Pharma's August 18 $22.5 calls experienced a sweep of 129 contracts at $2.597, near the ask price, compared to an open interest of 2821 contracts. Earnings are expected on August 3 before the market opens.
June 21, 2023 | 5:35 pm
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NEUTRAL IMPACT
BridgeBio Pharma's stock may experience short-term volatility due to the recent options sweep and upcoming earnings announcement.
The options sweep indicates increased trading activity, which may lead to short-term volatility in BBIO's stock price. Additionally, the upcoming earnings announcement on August 3 could also impact the stock price, depending on the results. However, it is difficult to predict the exact direction of the stock price movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100