Levi Strauss Option Alert: Sep 15 $15 Calls Sweep (25) near the Ask: 678 @ $0.6 vs 1723 OI; Ref=$14.84
Portfolio Pulse from Charles Gross
A significant number of call options for Levi Strauss (LEVI) with a strike price of $15, expiring on September 15, were purchased near the ask price. The volume of these options was 678, compared to an open interest of 1723. The reference price for LEVI was $14.84.
August 04, 2023 | 1:39 pm
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POSITIVE IMPACT
The purchase of a large volume of call options indicates bullish sentiment for Levi Strauss. This could potentially drive the stock price up in the short term.
The purchase of call options indicates that investors expect the price of the underlying stock (in this case, LEVI) to rise. This is typically a bullish signal and could potentially drive the stock price up in the short term. However, the impact on the stock price will also depend on other market factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100