Frontier Communications Option Alert: Sep 15 $15 Calls Sweep (8) near the Ask: 2538 @ $1.154 vs 627 OI; Ref=$15.19
Portfolio Pulse from Charles Gross
Frontier Communications has seen a significant increase in the volume of its September 15 $15 call options. A total of 2538 contracts were traded near the ask price of $1.154, compared to an open interest of 627 contracts. The reference price was $15.19.
August 23, 2023 | 2:08 pm
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POSITIVE IMPACT
The surge in call options for Frontier Communications suggests that investors are expecting the stock price to rise. This could potentially lead to an increase in the stock's price in the short term.
The increase in call options indicates that investors are expecting the price of Frontier Communications' stock to rise. This is because buying a call option gives the investor the right to buy the stock at a certain price within a specific time period. If many investors are buying these options, it suggests that they believe the stock's price will increase to a level where they can make a profit from exercising their options. This increased demand can potentially drive up the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100