Omnicell Inc. Unusual Options Activity: Slightly OTM Call Buying With Relative Size
Portfolio Pulse from Dara Akhavein
Omnicell Inc. (NASDAQ:OMCL) experienced notable options activity with a single trade involving 300 contracts at a strike price of $60, a premium of $83,967, and an expiration of 52 days from the trade date. This is significant as since August 1st, 2023, Omnicell had not witnessed a total premium exceeding $80,000. The average call volume over the past 30 days had been 121 contracts, while this particular order involved a substantial 300 contracts.
August 30, 2023 | 6:20 pm
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Omnicell Inc. experienced a significant increase in options activity, with a single trade involving 300 contracts, a notable increase from the average call volume of 121 contracts. This could indicate increased investor interest in the stock.
The unusual options activity, particularly the large single trade, indicates increased investor interest in Omnicell Inc. This could potentially drive the stock price up in the short term as it suggests that investors are expecting the stock price to rise.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100