Immunogen Option Alert: Aug 18 $21 Calls Sweep (29) near the Ask: 399 @ $1.5 vs 453 OI; Earnings 7/28 Before Open [est] Ref=$19.59
Portfolio Pulse from Charles Gross
Immunogen (IMGN) has seen a significant option alert for August 18 $21 calls. A total of 399 contracts were traded near the ask price at $1.5, compared to an open interest of 453. The company is expected to release its earnings on July 28 before the market opens.
July 14, 2023 | 2:20 pm
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POSITIVE IMPACT
The significant option activity could indicate investor anticipation of a positive earnings report from Immunogen on July 28. This could potentially drive the stock price up in the short term.
The high volume of call options indicates that investors are expecting the stock price to rise. This is often a sign of bullish sentiment. With the earnings report due soon, this could be a sign that investors are expecting positive results, which could drive the stock price up.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100