Coty Option Alert: Fri $12.5 Calls at the Ask: 8932 @ $0.13 vs 5399 OI; Earnings 8/24 Before Open [est] Ref=$12.33
Portfolio Pulse from Charles Gross
Coty Inc. has seen a significant increase in the volume of its $12.5 call options, with 8932 contracts traded at the ask price of $0.13, compared to the open interest of 5399. The company is expected to release its earnings report on August 24 before the market opens. The reference price is $12.33.
July 05, 2023 | 1:41 pm
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POSITIVE IMPACT
The surge in the volume of Coty's $12.5 call options suggests that investors are expecting the stock price to rise. The upcoming earnings report could be a potential catalyst for this.
The increase in the volume of Coty's call options indicates that investors are expecting the stock price to increase. This could be due to the anticipation of a positive earnings report. However, the actual impact will depend on the earnings results and the market's reaction to it.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100