Sweetgreen Option Alert: Aug 18 $16 Calls Sweep (40) near the Ask: 1020 @ $1.1 vs 241 OI; Ref=$15.54
Portfolio Pulse from Charles Gross
Sweetgreen (SG) has seen a significant option alert for August 18 $16 calls. A total of 1020 contracts were traded near the ask price at $1.1 each, compared to an open interest of 241 contracts. The reference price was $15.54.
July 25, 2023 | 3:01 pm
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POSITIVE IMPACT
Sweetgreen (SG) has seen a significant increase in trading volume for its August 18 $16 call options. This could indicate bullish sentiment among investors.
The significant increase in trading volume for Sweetgreen's August 18 $16 call options indicates that investors are expecting the stock price to rise above $16 by the expiration date. This bullish sentiment could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100