Antero Resources Option Alert: Nov 17 $35 Calls Sweep (63) near the Ask: 1952 @ $0.351 vs 403 OI; Earnings 7/26 After Close [est] Ref=$23.01
Portfolio Pulse from Charles Gross
Antero Resources (AR) has seen a significant option alert for November 17 $35 calls. A total of 1952 contracts were traded near the ask price of $0.351, compared to an open interest of 403. The company is expected to announce earnings on July 26 after market close. The reference price is $23.01.
June 30, 2023 | 2:18 pm
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POSITIVE IMPACT
Increased options activity in Antero Resources suggests that investors are expecting significant price movement. The high volume of $35 calls indicates bullish sentiment.
The high volume of $35 calls traded compared to the open interest suggests that investors are expecting the price of AR to rise significantly. This is typically a bullish signal, indicating that investors are buying options in anticipation of a price increase. The upcoming earnings announcement could be a catalyst for this expected price movement.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100