Olema Pharmaceuticals Option Alert: Oct 18 $15 Calls at the Ask: 156 @ $1.9 vs 1547 OI; Earnings 5/14 After Close [est] Ref=$10.78
Portfolio Pulse from Charles Gross
Olema Pharmaceuticals (OLMA) saw significant activity in its October 18 $15 call options, with 156 contracts traded at $1.9 each against an open interest of 1547 contracts. This activity comes ahead of the company's estimated earnings release on May 14, after the market closes. The stock reference price at the time of the option activity was $10.78.
May 03, 2024 | 5:19 pm
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Olema Pharmaceuticals experienced notable options trading activity, indicating increased investor interest or speculation ahead of its upcoming earnings report.
The trading of call options at a strike price significantly higher than the current stock price suggests that investors might be speculating on a positive earnings report or other favorable news from Olema Pharmaceuticals. This speculative activity could lead to increased volatility or a short-term price increase in OLMA's stock, especially if the earnings report exceeds market expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90