Endeavor Gr Hldgs Option Alert: Feb 16 $26 Calls Sweep (38) above Ask!: 6836 @ $0.4 vs 15865 OI; Earnings 2/27 After Close [est] Ref=$23.255
Portfolio Pulse from Charles Gross
There was a notable options market activity for Endeavor Group Holdings, with a sweep of 6,836 contracts for February 16 $26 calls, traded above the ask price at $0.4 per contract. This activity comes ahead of the company's earnings report, which is expected to be released after market close on February 27. The stock reference price at the time of the options trade was $23.255.
January 04, 2024 | 7:02 pm
News sentiment analysis
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POSITIVE IMPACT
The options sweep indicates bullish sentiment from traders expecting Endeavor Group Holdings' stock price to rise above $26 by February 16. With earnings report due on February 27, this could lead to increased volatility and potentially a positive short-term price movement if the earnings are favorable.
The purchase of calls at a strike price above the current stock price suggests that investors are speculating on a positive earnings report that could drive the stock price up. The volume of the contracts and the fact that they were traded above the ask price reflect a strong bullish sentiment. However, the actual impact will depend on the actual earnings results and market conditions.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100