Humacyte Option Alert: Oct 18 $7.5 Calls Sweep (30) Near The Ask: 1246 @ $0.201 Vs 4796 OI; Earnings 11/7 After Close [est] Ref=$5.72
Portfolio Pulse from Benzinga Newsdesk
A significant options activity was observed for Humacyte (HUMA) with a sweep of 30 call options for the October 18 expiration at a strike price of $7.5, priced near the ask at $0.201. This is notable given the open interest of 4796 and the upcoming earnings report on November 7.
September 24, 2024 | 4:55 pm
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Humacyte (HUMA) experienced a sweep of 30 call options for the October 18 expiration at a $7.5 strike price, priced near the ask at $0.201. This activity suggests bullish sentiment ahead of the earnings report on November 7.
The sweep of call options at a higher strike price indicates that investors are betting on a price increase, possibly due to positive expectations for the upcoming earnings report. The current stock price is $5.72, and the options are for a $7.5 strike, suggesting a significant expected move.
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IMPORTANCE 80
RELEVANCE 100