WW International Option Alert: Mar 28 $2.5 Calls Sweep (36) near the Ask: 4476 @ $0.2 vs 642 OI; Earnings 5/2 After Close [est] Ref=$2.325
Portfolio Pulse from Charles Gross
WW International saw significant options activity with a sweep of 36 contracts for Mar 28 $2.5 calls near the ask price, totaling 4476 contracts at $0.2 each versus an open interest of 642. The company is expected to report earnings on May 2 after the market closes, with the reference stock price at $2.325.
March 20, 2024 | 2:10 pm
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WW International experienced a notable increase in options activity, indicating investor speculation ahead of its upcoming earnings report.
The significant volume of call options compared to the open interest suggests that investors are speculating on a positive outcome from the upcoming earnings report. This could lead to increased stock volatility and potentially a rise in stock price if the earnings are favorable.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100