Farfetch Option Alert: Jan 19 $10 Calls Sweep (12) near the Ask: 691 @ $0.43 vs 9356 OI; Earnings 8/24 After Close [est] Ref=$6.37
Portfolio Pulse from Charles Gross
An option alert has been issued for Farfetch (FTCH) for January 19 $10 calls. A total of 691 options were bought near the ask price of $0.43, compared to an open interest of 9356. Farfetch is expected to announce its earnings on August 24 after market close. The reference price is $6.37.
July 12, 2023 | 3:14 pm
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Increased activity in Farfetch's options could indicate that investors are expecting significant price movement. The earnings announcement on August 24 could be a potential catalyst.
The increased activity in Farfetch's options, specifically the $10 calls for January 19, suggests that investors are expecting the stock price to rise. The upcoming earnings announcement could be a potential catalyst for this expected price movement. However, it's important to note that options trading is inherently risky and the actual stock price movement may not align with the expectations reflected in the options market.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100