Groupon Option Alert: Jan 19 $9 Calls at the Ask: 3500 @ $1.72 vs 5 OI; Earnings 8/7 After Close [est] Ref=$6.57
Portfolio Pulse from Charles Gross
Groupon (GRPN) has seen a significant option alert for January 19th $9 calls. A total of 3500 contracts were bought at the ask price of $1.72, compared to an open interest of 5. The company is expected to announce its earnings on August 7th after the market closes. The reference price is $6.57.
July 24, 2023 | 3:21 pm
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POSITIVE IMPACT
The large volume of call options for Groupon indicates that investors are expecting the stock price to rise. The earnings announcement on August 7th could potentially influence the stock's performance.
The purchase of a large number of call options indicates that investors are expecting the price of Groupon's stock to increase. This could be due to anticipation of positive earnings results. The earnings announcement on August 7th will likely have a significant impact on the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100