Snap Option Alert: Sep 29 $10 Calls Sweep (21) near the Ask: 2134 @ $0.161 vs 1882 OI; Earnings 10/19 After Close [est] Ref=$9.43
Portfolio Pulse from Charles Gross
Snap Inc. has seen a significant increase in call options for September 29 at $10. The volume of 2134 is higher than the open interest of 1882. Snap's earnings report is expected on October 19 after market close. The reference price is $9.43.
September 13, 2023 | 3:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Increased call options activity could indicate bullish sentiment among investors for Snap Inc. ahead of its earnings report on October 19.
The increase in call options suggests that investors are expecting the price of Snap Inc. to rise. This could be due to anticipation of positive earnings report on October 19. The volume exceeding the open interest indicates new positions being opened, further suggesting bullish sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100