Digital World Acq Option Alert: Mar 28 $90 Calls Sweep (4) near the Ask: 332 @ $1.9 vs 4583 OI; Ref=$40.1995
Portfolio Pulse from Charles Gross
A significant options trade was executed for Digital World Acquisition Corp (DWAC), involving a sweep of 332 March 28th $90 call options at $1.9, compared to an open interest of 4583, with DWAC's stock price at $40.1995.
March 20, 2024 | 2:51 pm
News sentiment analysis
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POSITIVE IMPACT
The large purchase of $90 call options for DWAC suggests bullish sentiment from investors, expecting the stock to rise significantly before March 28.
The execution of a large volume of call options at a strike price significantly higher than the current stock price indicates that investors are expecting DWAC's stock to rise. This could be due to anticipated positive news or developments related to the company. The relevance is high as the trade directly involves DWAC's options, and the importance is significant given the potential impact on investor sentiment and stock price movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90