Nikola Option Alert: Fri $2 Calls at the Ask: 9839 @ $0.03 vs 14202 OI; Ref=$1.5393
Portfolio Pulse from Charles Gross
There has been a significant activity in Nikola Corporation's options, specifically the Friday $2 calls. The number of these options traded at the ask price was 9839, compared to an open interest of 14202. The reference price was $1.5393.
August 21, 2023 | 4:12 pm
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NEUTRAL IMPACT
Increased trading activity in Nikola Corporation's options could indicate investor speculation about the company's future stock price.
The increased trading activity in Nikola Corporation's options, specifically the Friday $2 calls, could indicate that investors are speculating about the company's future stock price. However, it's not clear whether this speculation is positive or negative, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100