Coupang Option Alert: Dec 20 $25 Calls Sweep (40) Near The Ask: 1000 @ $1.671 Vs 13584 OI; Earnings 11/5 After Close [est] Ref=$24.975
Portfolio Pulse from Benzinga Newsdesk
An options alert for Coupang (CPNG) indicates a sweep of 1,000 December 20 $25 call options near the ask price of $1.671, against an open interest of 13,584. This activity comes ahead of Coupang's earnings report on November 5.

October 21, 2024 | 3:18 pm
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A significant options trade in Coupang suggests potential bullish sentiment as 1,000 December 20 $25 call options were bought near the ask price. This comes just before the company's earnings report on November 5.
The purchase of a large number of call options near the ask price suggests that investors are expecting a rise in Coupang's stock price. This is further supported by the timing, as it occurs just before the company's earnings report, which could be a catalyst for price movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90