Reviva Pharmaceuticals Option Alert: Oct 20 $5 Calls Sweep (7) near the Ask: 633 @ $1.35 vs 5626 OI; Earnings 8/14 After Close [est] Ref=$4.99
Portfolio Pulse from Charles Gross
An option alert has been issued for Reviva Pharmaceuticals, with October 20 $5 calls seeing a sweep near the ask price. The volume of 633 is compared to an open interest of 5626. The company's earnings are expected to be announced after close on August 14. The reference price is $4.99.

July 11, 2023 | 5:08 pm
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POSITIVE IMPACT
Reviva Pharmaceuticals is seeing increased activity in its options, specifically for October 20 $5 calls. This could indicate investor anticipation of a price increase.
The increased activity in Reviva Pharmaceuticals' options, specifically the October 20 $5 calls, could indicate that investors are anticipating a price increase. This is often a sign of bullish sentiment, as investors are willing to pay a premium for the option in the expectation that the stock price will rise. However, it's important to note that options activity is just one indicator and should be considered in the context of other market factors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100