Snap Option Alert: Jul 28 $13.5 Calls Sweep (31) near the Ask: 840 @ $1.201 vs 2698 OI; Ref=$13.205
Portfolio Pulse from Charles Gross
There has been a significant options activity on Snap Inc. (SNAP) with a sweep of 840 calls at a strike price of $13.5 expiring on July 28. The calls were purchased near the ask price of $1.201, compared to an open interest of 2698. The reference price for SNAP was $13.205.
July 18, 2023 | 7:27 pm
News sentiment analysis
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POSITIVE IMPACT
The significant options activity could indicate a bullish sentiment among investors for SNAP in the short term.
The purchase of a large number of call options indicates that investors are expecting the price of SNAP to rise above the strike price of $13.5 by the expiration date. This could potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100