Inotiv Option Alert: Aug 18 $5 Calls Sweep (29) near the Ask: 666 @ $1.25 vs 0 OI; Earnings 8/9 After Close [est] Ref=$4.96
Portfolio Pulse from Charles Gross
Inotiv (NOTV) sees a sweep of 666 Aug 18 $5 calls near the ask price of $1.25, with 0 open interest. Earnings are expected on 8/9 after market close, with the stock currently trading at $4.96.
June 22, 2023 | 3:35 pm
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NEUTRAL IMPACT
Inotiv's stock may experience short-term volatility due to the sweep of 666 Aug 18 $5 calls near the ask price of $1.25, with earnings expected on 8/9.
The sweep of 666 Aug 18 $5 calls near the ask price of $1.25 indicates increased options activity, which may lead to short-term volatility in Inotiv's stock price. However, the impact of this activity on the stock price is uncertain, as it depends on the company's earnings report on 8/9 and other market factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100