On Holding Option Alert: Aug 4 $38 Calls Sweep (21) near the Ask: 1848 @ $0.4 vs 3762 OI; Earnings 8/15 Before Open [est] Ref=$36.12
Portfolio Pulse from Charles Gross
An options sweep for On Holding (ONON) was observed with 1848 contracts for August 4 $38 calls purchased near the ask price. This is compared to an open interest of 3762 contracts. The company is expected to release its earnings on August 15 before the market opens.
July 27, 2023 | 3:46 pm
News sentiment analysis
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POSITIVE IMPACT
Increased options activity for ONON suggests that investors are expecting a significant price movement. The earnings release on August 15 could be a potential catalyst for this movement.
The increased options activity, specifically the purchase of call options, suggests that investors are expecting the price of ONON to increase. The upcoming earnings release could be the catalyst for this expected price movement, hence the score of 1 indicating a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100