Shutterstock Option Alert: Nov 17 $40 Calls Sweep (78) near the Ask: 563 @ $3.393 vs 65 OI; Earnings 10/24 Before Open [est] Ref=$39.7
Portfolio Pulse from Charles Gross
There has been a significant increase in the number of call options for Shutterstock (SSTK) with a strike price of $40 expiring on November 17. The volume of these options is 563, significantly higher than the open interest of 65. The company is expected to announce its earnings on October 24 before the market opens.
September 13, 2023 | 3:08 pm
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The surge in call options suggests that investors are expecting Shutterstock's stock price to rise above $40 by November 17. The upcoming earnings announcement could be a potential catalyst for this.
The surge in call options indicates that investors are bullish on SSTK. They expect the stock price to rise above the strike price of $40 by the expiry date. The upcoming earnings announcement could potentially influence the stock price, hence it's a key event to watch.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100