Fisker Option Alert: Fri $5.5 Calls Sweep (28) near the Ask: 2049 @ $0.17 vs 2812 OI; Ref=$5.62
Portfolio Pulse from Charles Gross
There has been a significant option activity on Fisker Inc. (FSR) with a sweep of 2049 calls at $0.17 for a strike price of $5.5 expiring on Friday. The reference price is $5.62.
August 17, 2023 | 3:10 pm
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Fisker Inc. (FSR) has seen a significant option activity with a sweep of 2049 calls at $0.17 for a strike price of $5.5 expiring on Friday. This could indicate bullish sentiment among investors.
The significant option activity, specifically the sweep of 2049 calls at $0.17 for a strike price of $5.5, indicates that investors are expecting the price of Fisker Inc. (FSR) to rise. This is because buying a call option allows the holder to purchase the stock at the strike price, in this case $5.5, at any time until the option expires, which is on Friday. If investors believe that the price will be higher than the strike price before the expiration date, they will profit from exercising the option. Therefore, this activity suggests a bullish sentiment among investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100