GoDaddy Option Alert: Fri $75 Calls Sweep (29) near the Ask: 509 @ $0.95 vs 127 OI; Earnings 11/2 After Close [est] Ref=$75.5
Portfolio Pulse from Charles Gross
GoDaddy has an option alert for Friday $75 calls sweep near the ask with 509 @ $0.95 versus 127 open interest. The company is expected to announce earnings on 11/2 after close. The reference price is $75.5.
September 12, 2023 | 4:06 pm
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Increased activity in GoDaddy's options market may indicate investor anticipation of a significant price movement. The earnings announcement on 11/2 could be a potential catalyst.
The increased activity in GoDaddy's options market, specifically the $75 calls sweep, suggests that investors are anticipating a significant price movement. However, it's unclear whether this movement will be positive or negative. The upcoming earnings announcement could be a potential catalyst for this movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100