Monster Beverage Option Alert: Aug 18 $57.5 Calls Sweep (29) near the Ask: 1750 @ $0.5 vs 3578 OI; Ref=$56.59
Portfolio Pulse from Charles Gross
There has been a significant options activity on Monster Beverage Corporation (MNST) with a sweep of 1750 calls at $57.5 for August 18, compared to an open interest of 3578. The reference price is $56.59.
August 07, 2023 | 5:01 pm
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The significant options activity could indicate that investors are expecting Monster Beverage's stock price to rise above $57.5 by August 18.
The sweep of 1750 calls at $57.5 for August 18 indicates that investors are expecting the stock price to rise above this strike price by the expiration date. This could potentially drive the stock price up in the short term as more investors may follow this bullish sentiment.
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IMPORTANCE 70
RELEVANCE 100