WW International Option Alert: Jan 19 $7.5 Calls Sweep (13) near the Ask: 1000 @ $0.95 vs 13956 OI; Ref=$7.12
Portfolio Pulse from Charles Gross
A significant options trade was detected for WW International, with a sweep of 1000 Jan 19 $7.5 call options at $0.95 each, compared to an open interest of 13956. The stock reference price at the time was $7.12.
December 13, 2023 | 6:35 pm
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POSITIVE IMPACT
The large volume of call options for WW International suggests bullish sentiment from an investor or group of investors, expecting the stock to rise above $7.5 by January 19.
The purchase of a large number of call options at a strike price close to the current trading price indicates that traders are expecting the stock to appreciate in the short term. This could lead to increased buying pressure on the stock as other investors may interpret this options activity as a positive signal.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80