Applied Digital Option Alert: Sep 15 $6 Calls Sweep (37) near the Ask: 2515 @ $0.151 vs 430 OI; Earnings 10/10 After Close [est] Ref=$5.225
Portfolio Pulse from Charles Gross
Applied Digital (APLD) has seen a significant number of call options, specifically for the Sep 15 $6 Calls Sweep, being bought near the ask price. A total of 2515 contracts were purchased at $0.151 each, compared to an open interest of 430. The company is expected to release its earnings report on October 10, after market close. The reference price is $5.225.
September 07, 2023 | 2:14 pm
News sentiment analysis
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POSITIVE IMPACT
Increased options activity in Applied Digital suggests that investors are expecting a significant price movement. The earnings report on October 10 could be a potential catalyst.
The high volume of call options purchased indicates that investors are expecting the stock price to rise. This could be due to anticipation of positive earnings report on October 10. The reference price of $5.225 suggests that the $6 call options are out of the money, indicating a bullish sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100