Enovix Option Alert: Oct 18 $10 Calls Sweep (34) Near The Ask: 856 @ $0.34 Vs 17827 OI; Earnings 11/5 After Close [est] Ref=$8.59
Portfolio Pulse from Benzinga Newsdesk
An options alert for Enovix (ENVX) indicates a sweep of 856 call options at a strike price of $10, expiring on October 18, with a premium of $0.34. This is against an open interest of 17,827. The current stock price is $8.59, and earnings are expected on November 5 after the market closes.
September 24, 2024 | 4:45 pm
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Enovix (ENVX) saw a significant options activity with 856 call options at a $10 strike price, suggesting bullish sentiment. The stock is currently at $8.59, with earnings expected on November 5.
The sweep of call options near the ask price indicates a bullish sentiment among traders, suggesting they expect the stock price to rise above $10 by the expiration date. The upcoming earnings report could be a catalyst for this expected price movement.
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IMPORTANCE 80
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