Beyond Option Alert: Sep 20 $35 Calls Sweep (20) near the Ask: 500 @ $1.65 vs 438 OI; Earnings 5/6 After Close Ref=$22.6
Portfolio Pulse from Charles Gross
Beyond Option Alert reported a significant trading activity on Sep 20 $35 call options, with a sweep of 500 contracts at $1.65 each versus an open interest of 438. This activity occurred near the ask price, with the underlying stock (BYON) trading at $22.6. The earnings announcement for BYON is scheduled for May 6, after the market closes.
May 03, 2024 | 7:43 pm
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Beyond Option's Sep 20 $35 call options saw significant trading activity, indicating potential investor optimism or speculative interest ahead of BYON's earnings announcement on May 6.
The significant trading activity in call options suggests that investors might be speculating on a positive earnings announcement or possess optimism about BYON's future prospects. This could lead to increased stock price volatility or a potential uptick in the short term, especially as the earnings date approaches.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80