General Motors Option Alert: Oct 11 $46.5 Calls Sweep (49) Near The Ask: 2000 @ $0.761 Vs 1087 OI; Earnings 10/22 Before Open Ref=$45.285
Portfolio Pulse from Benzinga Newsdesk
An options alert for General Motors (GM) indicates a sweep of 2000 call options at a strike price of $46.5, priced at $0.761, with an open interest of 1087. This activity comes ahead of GM's earnings report on October 22.
October 02, 2024 | 3:31 pm
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A significant options activity for GM suggests bullish sentiment as 2000 call options were swept near the ask price. This comes ahead of GM's earnings report on October 22, potentially indicating expectations of positive earnings.
The sweep of 2000 call options near the ask price suggests that investors are betting on a rise in GM's stock price. This is further supported by the timing ahead of the earnings report, indicating expectations of positive results.
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