Groupon Option Alert: Oct 20 $20 Calls at the Ask: 568 @ $0.7 vs 2632 OI; Earnings 11/6 After Close [est] Ref=$15.39
Portfolio Pulse from Charles Gross
There has been a significant increase in the number of call options for Groupon (GRPN) with a strike price of $20 expiring on October 20. The number of these options traded was 568, significantly higher than the open interest of 2632. Groupon is expected to announce its earnings on November 6 after market close.
October 02, 2023 | 5:54 pm
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POSITIVE IMPACT
The increase in call options suggests that investors are expecting Groupon's stock price to rise. The upcoming earnings announcement could be a catalyst for this.
The increase in call options indicates that investors are expecting the stock price to rise. This could be due to the upcoming earnings announcement, which is often a catalyst for stock price movements. If the earnings are better than expected, the stock price could rise, making these options profitable.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100