Coherent Option Alert: Jul 19 $70 Calls Sweep (26) near the Ask: 422 @ $3.9 vs 3077 OI; Ref=$70.2
Portfolio Pulse from Benzinga Newsdesk
An option alert has been issued for Coherent (COHR) involving a sweep of July 19 $70 calls near the ask price. A total of 422 contracts were traded at $3.9 each, compared to an open interest of 3077 contracts. The reference price for COHR is $70.2.
June 13, 2024 | 6:36 pm
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An option alert for Coherent (COHR) indicates a sweep of July 19 $70 calls near the ask price, suggesting bullish sentiment. 422 contracts were traded at $3.9 each, with a reference price of $70.2.
The sweep of call options near the ask price typically indicates bullish sentiment among traders. The high volume of 422 contracts compared to the open interest of 3077 suggests significant interest in COHR's potential price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100