Trip.com Group Option Alert: Mar 15 $35 Calls Sweep (42) near the Ask: 682 @ $2.999 vs 221 OI; Ref=$36.035
Portfolio Pulse from Charles Gross
There was a notable options trading activity for Trip.com Group, where a sweep of 682 call options for a strike price of $35 with a March 15 expiration was executed near the ask price at $2.999 each. This is compared to an open interest of 221, indicating new positioning. The underlying stock reference price at the time was $36.035.
January 03, 2024 | 2:53 pm
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The large volume of call options for Trip.com Group suggests bullish sentiment from options traders, which could lead to increased short-term interest in TCOM shares.
The execution of a large number of call options at a strike price close to the current stock price often indicates that traders anticipate an upcoming positive movement in the stock's price. Since the volume of these options exceeds the current open interest, it suggests new positions are being established, which can be a bullish signal for the stock in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80