Reata Pharmaceuticals Option Alert: Aug 18 $130 Calls Sweep (63) near the Ask: 870 @ $1.209 vs 1209 OI; Earnings 8/7 Before Open [est] Ref=$98.41
Portfolio Pulse from Charles Gross
Reata Pharmaceuticals (RETA) sees a sweep of 870 Aug 18 $130 calls near the ask price at $1.209, compared to 1209 open interest. Earnings were released on 8/7 before the market opened.
June 22, 2023 | 3:40 pm
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Reata Pharmaceuticals sees increased options activity with 870 Aug 18 $130 calls near the ask price at $1.209, compared to 1209 open interest. Earnings were released on 8/7.
The increased options activity in Reata Pharmaceuticals, specifically the sweep of 870 Aug 18 $130 calls near the ask price, indicates that investors are expecting the stock price to rise in the short term. This bullish sentiment is likely due to the recent earnings release on 8/7.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100