BlackBerry Option Alert: Sep 15 $7 Calls Sweep (53) near the Ask: 6586 @ $0.09 vs 6097 OI; Earnings 9/26 After Close [est] Ref=$5.03
Portfolio Pulse from Charles Gross
BlackBerry (BB) has seen a significant increase in the volume of its September 15 $7 call options. The volume of 6586 contracts is higher than the open interest of 6097 contracts. BlackBerry is expected to announce its earnings on September 26 after the market closes.
August 04, 2023 | 9:12 am
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The increase in volume of BlackBerry's call options suggests that investors are expecting the stock price to rise. The upcoming earnings announcement could be a catalyst for this.
The increase in volume of call options indicates that investors are expecting the stock price to rise. This could be due to the upcoming earnings announcement, which is often a catalyst for stock price movements. However, it's important to note that this is not a guarantee of a price increase, as the earnings results could be below expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100