Mattel Option Alert: Fri $19 Calls Sweep (35) near the Ask: 1772 @ $0.4 vs 914 OI; Ref=$19.09
Portfolio Pulse from Charles Gross
There was a significant option trading activity for Mattel (MAT), involving a sweep of 35 calls for the $19 strike price, with 1,772 contracts traded at $0.4 each, compared to an open interest of 914. This activity occurred when Mattel's stock was trading around $19.09.
February 12, 2024 | 6:47 pm
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Mattel saw a notable options trading activity, with a large volume of $19 calls being traded, indicating potential investor optimism or a speculative move.
The trading of a large volume of calls at a strike price close to the current trading price suggests that investors might be speculating on or expecting a short-term increase in Mattel's stock price. This could lead to increased buying pressure and potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90