Redfin Option Alert: Fri $10.5 Calls Sweep (33) near the Ask: 2000 @ $0.25 vs 1218 OI; Earnings 2/15 After Close [est] Ref=$10.515
Portfolio Pulse from Charles Gross
An options sweep for Redfin (RDFN) was observed, with 2000 contracts of $10.5 calls near the ask price at $0.25, compared to an open interest of 1218. This activity comes ahead of Redfin's earnings report, which is estimated to be released after the market close on February 15. The stock reference price at the time was $10.515.
December 28, 2023 | 8:25 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
A significant options trade was placed on Redfin's stock, indicating that traders may be anticipating a positive earnings report or a potential increase in stock price.
The options sweep suggests that traders are speculating on a positive outcome from the upcoming earnings report, which could lead to a short-term increase in Redfin's stock price. However, the confidence in this analysis is moderate due to the unpredictable nature of earnings results and market reactions.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 80