Pfizer Option Alert: Jan 17 $37.5 Calls Sweep (49) Near Ask, 4,688 Contracts At $0.07 Each; Open Interest At 27,650; Stock Ref=$28.65
Portfolio Pulse from Benzinga Newsdesk
An option alert for Pfizer indicates a sweep of 4,688 contracts for the January 17 $37.5 calls, priced at $0.07 each, with open interest at 27,650. The current stock reference price is $28.65.
October 25, 2024 | 2:02 pm
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Pfizer has experienced a notable option activity with a sweep of 4,688 contracts for the January 17 $37.5 calls, priced at $0.07 each. This indicates potential bullish sentiment as the open interest is high at 27,650, while the stock is currently trading at $28.65.
The sweep of 4,688 call contracts at a strike price significantly above the current stock price suggests that investors are betting on a price increase. The high open interest further supports this bullish sentiment. This could lead to upward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100