Mattel Option Alert: Nov 17 $22 Calls Sweep (66) near the Ask: 6468 @ $0.35 vs 1100 OI; Ref=$20.12
Portfolio Pulse from Charles Gross
A significant volume of Mattel's (MAT) November 17 $22 call options were purchased, with 6468 contracts bought near the ask price of $0.35, compared to the open interest of 1100. The reference price for Mattel's stock was $20.12.
October 24, 2023 | 3:07 pm
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POSITIVE IMPACT
The high volume of purchased call options indicates bullish sentiment for Mattel's stock in the short term, potentially driving the price up.
The purchase of a large volume of call options indicates that investors expect the price of Mattel's stock to rise. This bullish sentiment could drive up the stock price in the short term, especially if the stock price moves closer to the strike price of the call options.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100