AstraZeneca Option Alert: Sep 15 $70 Calls Sweep (52) near the Ask: 2594 @ $1.091 vs 952 OI; Ref=$68.4
Portfolio Pulse from Charles Gross
AstraZeneca has seen a significant increase in call options for September 15 at $70, with 2594 contracts traded near the ask price, compared to an open interest of 952. The reference price is $68.4.
August 18, 2023 | 4:15 pm
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AstraZeneca's stock may see increased volatility due to the significant increase in call options. This could potentially indicate bullish sentiment among investors.
The surge in call options indicates that investors are expecting the price of AstraZeneca's stock to rise. This could lead to increased buying pressure and volatility in the stock's price. However, it's also possible that the increase in options trading is due to speculative trading or hedging activities.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100