CRISPR Therapeutics Option Alert: Jan 19 $65 Calls Sweep (9) near the Ask: 252 @ $1.75 vs 7372 OI; Ref=$58.46; CRISPR Therapeutics Option Alert: Jan 19 $65 Calls Sweep (6) near the Ask: 181 @ $1.75 vs 7372 OI; Ref=$58.46
Portfolio Pulse from Charles Gross
There has been notable options activity for CRISPR Therapeutics, with sweeps near the ask price for January 19 $65 call options. A total of 252 contracts were traded at $1.75 when the open interest was 7372, with the stock reference price at $58.46. Another sweep of 181 contracts at the same price and open interest occurred simultaneously.
December 13, 2023 | 6:10 pm
News sentiment analysis
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POSITIVE IMPACT
Increased options activity, specifically call option sweeps, indicates that traders may be anticipating a positive move in CRISPR Therapeutics' stock price in the short term.
The sweeps of call options at a strike price above the current stock price suggest that traders are expecting CRISPR Therapeutics' stock to rise. This could be due to a variety of factors such as upcoming company announcements, general market conditions, or recent news about the company. The fact that these trades are happening near the ask price also indicates a sense of urgency among buyers, which could translate into short-term bullish behavior in the stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80