NextDecade Option Alert: Apr 19 $6 Calls Sweep (45) near the Ask: 5000 @ $0.3 vs 2752 OI; Ref=$4.655
Portfolio Pulse from Charles Gross
An options sweep for NextDecade Corporation (NEXT) was observed, with 5000 calls at a $6 strike price expiring on April 19 being purchased near the ask price at $0.3 each. This volume is higher than the open interest of 2752 for the same option, indicating new positioning. The stock reference price at the time was $4.655.
December 21, 2023 | 3:42 pm
News sentiment analysis
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POSITIVE IMPACT
The large volume of call options for NextDecade Corporation (NEXT) suggests bullish sentiment from the options traders, potentially indicating a short-term positive outlook on the stock.
The purchase of a large number of call options at a strike price above the current stock price suggests that traders anticipate the stock price to rise. The fact that the volume exceeds the open interest indicates new interest in these options, which could be a positive sign for the stock in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80