Alibaba Group Holding Option Alert: Fri $100 Calls Sweep (46) near the Ask: 489 @ $0.74 vs 15053 OI; Earnings 8/7 Before Open [est] Ref=$95.435
Portfolio Pulse from Charles Gross
An option alert has been issued for Alibaba Group Holding (BABA) for Friday $100 calls. The sweep is near the ask with 489 @ $0.74 versus an open interest of 15053. The company's earnings are expected on 8/7 before the market opens. The reference price is $95.435.
July 24, 2023 | 2:54 pm
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NEUTRAL IMPACT
Increased activity in Alibaba's options could indicate that investors are expecting significant price movement in the short term, potentially due to the upcoming earnings report.
The increased activity in Alibaba's options, specifically the $100 calls, suggests that investors are expecting the stock price to move significantly. This could be due to the upcoming earnings report, which often leads to increased volatility in a company's stock price. However, it's important to note that options activity is not a guaranteed predictor of future price movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100