C3.ai Option Alert: Sep 15 $45 Calls Sweep (3) near the Ask: 161 @ $4.6 vs 1189 OI; Earnings 8/30 After Close [est] Ref=$40.02
Portfolio Pulse from Charles Gross
There has been a significant option alert for C3.ai with Sep 15 $45 calls sweep near the ask, involving 161 contracts at $4.6 each, compared to an open interest of 1189. The company is expected to announce earnings on August 30 after market close. The reference price is $40.02.
July 25, 2023 | 4:30 pm
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POSITIVE IMPACT
The significant option activity could indicate investor anticipation of a positive earnings report from C3.ai, potentially driving the stock price up in the short term.
The increased option activity, specifically the call options, suggests that investors are expecting the stock price to rise. This could be due to anticipation of a positive earnings report. However, it's important to note that options trading is speculative and doesn't guarantee a price movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100