Organon Option Alert: Nov 17 $17.5 Calls Sweep (32) near the Ask: 1865 @ $0.7 vs 662 OI; Earnings 11/2 Before Open [est] Ref=$16.8
Portfolio Pulse from Charles Gross
An Organon option alert has been issued for November 17 $17.5 calls sweep. The alert indicates 1865 contracts traded near the ask price at $0.7, compared to an open interest of 662 contracts. Organon is expected to release its earnings on November 2 before the market opens.
October 13, 2023 | 4:28 pm
News sentiment analysis
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POSITIVE IMPACT
The option alert for Organon indicates a potential bullish sentiment among investors. The high volume of contracts traded compared to the open interest suggests that investors are expecting the stock price to rise.
The high volume of contracts traded at a strike price of $17.5, which is higher than the current stock price, indicates that investors are expecting the stock price to rise. This is further supported by the upcoming earnings release, which could potentially drive the stock price up if the company reports positive results.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100