Medtronic Option Alert: Fri $79 Calls Sweep (22) near the Ask: 2325 @ $0.229 vs 105 OI; Earnings 11/21 Before Open Ref=$79.66
Portfolio Pulse from Charles Gross
There has been a significant option activity on Medtronic (MDT) with a sweep of 2325 calls at $79, significantly higher than the open interest of 105. The company is due to report earnings on 11/21 before the market opens.
September 29, 2023 | 3:25 pm
News sentiment analysis
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POSITIVE IMPACT
Medtronic has seen a significant increase in call options, indicating a bullish sentiment among investors. This could potentially impact the stock's price in the short term, especially with the upcoming earnings report.
The significant increase in call options indicates that investors are expecting the price of Medtronic to rise. This bullish sentiment could drive the stock price up in the short term. The upcoming earnings report could further influence the stock's price, depending on whether the company meets or exceeds market expectations.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100