Shoals Technologies Gr Option Alert: Jun 21 $10 Calls Sweep (22) near the Ask: 547 @ $0.7 vs 165 OI; Earnings 5/7 After Close Ref=$9.005
Portfolio Pulse from Charles Gross
Shoals Technologies Group saw significant options activity with a sweep of 547 June 21 $10 calls at $0.7, compared to an open interest of 165. This activity occurred as the stock traded near $9.005, ahead of their earnings report on May 7.
May 03, 2024 | 3:15 pm
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Shoals Technologies Group experienced notable options trading activity, indicating increased investor interest or speculation ahead of its earnings report.
The significant volume of call options compared to the open interest suggests that investors are speculating on a positive earnings report or future price increase. This could lead to increased stock volatility or a price increase in the short term, especially as the earnings date approaches.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90