Rani Therapeutics Hldgs Option Alert: Apr 19 $2.5 Calls Sweep (7) near the Ask: 143 @ $2.5 vs 765 OI; Earnings 5/8 After Close [est] Ref=$5.12
Portfolio Pulse from Charles Gross
Rani Therapeutics Holdings saw a notable options activity with a sweep of 143 calls for April 19 at a $2.5 strike price near the ask, against an open interest of 765. This activity comes ahead of their estimated earnings report on May 8, after market close, with the reference stock price at $5.12.
April 12, 2024 | 1:58 pm
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Rani Therapeutics Holdings experienced significant options trading activity, indicating investor speculation or hedging ahead of its upcoming earnings report.
The sweep of calls near the ask price suggests a bullish outlook from some investors or traders, possibly expecting RANI's stock to rise post-earnings. This kind of options activity often leads to increased attention and speculative trading, potentially impacting the stock's short-term price movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90