Robinhood Markets Option Alert: Sep 15 $11 Calls Sweep (30) near the Ask: 740 @ $0.45 vs 2587 OI; Earnings 8/1 After Close [est] Ref=$9.475
Portfolio Pulse from Charles Gross
Robinhood Markets (HOOD) experienced a sweep of 740 Sep 15 $11 calls near the ask price of $0.45, compared to an open interest of 2587. Earnings are expected on 8/1 after market close.
June 23, 2023 | 2:21 pm
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Robinhood Markets (HOOD) saw a sweep of 740 Sep 15 $11 calls near the ask price of $0.45, compared to an open interest of 2587. This may indicate increased bullish sentiment ahead of earnings on 8/1.
The sweep of 740 Sep 15 $11 calls near the ask price of $0.45 indicates that some investors are expecting the stock price to rise above $11 by the expiration date. This could be due to increased bullish sentiment ahead of the company's earnings release on 8/1. The open interest of 2587 suggests that there is significant interest in this option.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100