Pfizer Option Alert: Sep 1 $37 Calls Sweep (24) near the Ask: 700 @ $0.631 vs 3320 OI; Ref=$36.94
Portfolio Pulse from Charles Gross
There has been a significant options activity on Pfizer (PFE) with a sweep of 700 calls at a strike price of $37 expiring on September 1. The options were purchased near the ask price of $0.631, compared to an open interest of 3320. The reference price for Pfizer at the time was $36.94.
August 21, 2023 | 1:44 pm
News sentiment analysis
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POSITIVE IMPACT
The significant options activity indicates a bullish sentiment among traders for Pfizer, expecting the stock to rise above $37 by September 1.
The purchase of call options indicates that traders are expecting the price of Pfizer to rise above the strike price of $37 by the expiration date. This is a bullish signal as it shows that traders are willing to bet on the stock's upward movement. However, it's important to note that options trading is speculative and doesn't always accurately predict future stock movements.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100