Verona Pharma Option Alert: Sep 15 $25 Calls at the Ask: 925 @ $1.7 vs 8316 OI; Earnings 8/8 Before Open [est] Ref=$20.885
Portfolio Pulse from Charles Gross
Verona Pharma (VRNA) has seen a significant increase in the number of $25 calls for September 15, with 925 calls at $1.7, compared to an open interest of 8316. The company is expected to release its earnings on August 8 before the market opens.
July 12, 2023 | 3:22 pm
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POSITIVE IMPACT
The increase in call options indicates a bullish sentiment among investors, which could potentially drive the stock price up in the short term. However, the upcoming earnings release could also impact the stock price.
The increase in call options indicates that investors are expecting the stock price to rise. This could potentially drive the stock price up in the short term. However, the upcoming earnings release could also impact the stock price, depending on whether the company meets, exceeds, or falls short of expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100