Faraday Future Option Alert: Fri $1.5 Calls Sweep (19) near the Ask: 741 @ $0.6 vs 22456 OI; Earnings 5/28 After Close [est] Ref=$1.82
Portfolio Pulse from Charles Gross
Faraday Future (FFIE) has seen a significant option activity with a sweep of 741 call options at a strike price of $1.5, priced at $0.6 each, ahead of its earnings report on May 28. The current stock price is $1.82.
May 16, 2024 | 4:41 pm
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Faraday Future (FFIE) has experienced a notable option activity with a sweep of 741 call options at a $1.5 strike price, indicating bullish sentiment ahead of its earnings report on May 28. The current stock price is $1.82.
The sweep of 741 call options at a $1.5 strike price suggests that investors are expecting a positive movement in FFIE's stock price ahead of the earnings report. This bullish sentiment is likely to drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100