Root Option Alert: May 17 $125 Calls at the Ask: 109 @ $6.9 vs 37 OI; Earnings 5/1 After Close [est] Ref=$83.43
Portfolio Pulse from Charles Gross
Root Inc. saw significant trading activity in its May 17 $125 call options, with 109 contracts traded at $6.9 each versus an open interest of 37 contracts. This activity comes ahead of Root's estimated earnings release on May 1, after the market closes. The reference stock price at the time of the option trade was $83.43.
April 09, 2024 | 1:47 pm
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Root Inc. experienced notable options trading activity, indicating increased investor interest or speculation ahead of its upcoming earnings report.
The significant trading volume in Root's call options suggests that investors might be speculating on a positive earnings report, which could lead to an increase in the stock price in the short term. The reference price of $83.43 and the strike price of $125 indicate a bullish outlook from the options traders.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90