Johnson Controls Intl Option Alert: Feb 16 $60 Calls at the Ask: 2600 @ $1.0 vs 447 OI; Earnings 1/31 Before Open [est] Ref=$55.78
Portfolio Pulse from Charles Gross
Johnson Controls Intl (JCI) observed a significant volume of Feb 16 $60 call options traded at the ask price, with 2600 contracts at $1.0 compared to an open interest of 447. This activity comes ahead of their earnings report estimated to be released on January 31 before the market opens. The stock reference price at the time was $55.78.
December 21, 2023 | 4:02 pm
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POSITIVE IMPACT
Johnson Controls Intl sees high options activity with Feb 16 $60 calls indicating investor speculation before earnings. This could suggest a bullish sentiment among traders.
The high volume of call options compared to the open interest suggests that investors are speculating on a positive earnings report, which could lead to a short-term increase in JCI's stock price if the earnings are favorable. However, the confidence score is not at the maximum because the market's reaction to earnings can be unpredictable.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 90