Toast Option Alert: Aug 18 $30 Calls Sweep (12) near the Ask: 900 @ $0.85 vs 6799 OI; Earnings 8/10 After Close [est] Ref=$26.8
Portfolio Pulse from Charles Gross
There has been a significant options activity on Toast Inc. (TOST) with a sweep of 900 calls at $0.85 for the August 18 $30 strike price. This is compared to an open interest of 6799. The company's earnings report is expected on August 10, after market close. The reference price is $26.8.
July 18, 2023 | 4:18 pm
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POSITIVE IMPACT
Increased options activity on TOST could indicate investor anticipation of a significant price movement. The earnings report on August 10 will likely influence the stock's performance.
The increased options activity, specifically the call options, suggests that investors are anticipating a price increase for TOST. The earnings report on August 10 will likely be a significant event that could influence the stock's performance. The reference price of $26.8 is below the strike price of $30, indicating bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100