BGC Group Option Alert: Sweep Of 2,000 Nov 15 $10 Calls Near Ask At $0.25, Against 5,296 Open Interest; Stock Ref $9.44
Portfolio Pulse from Benzinga Newsdesk
An option alert has been issued for BGC Group, with a sweep of 2,000 November 15 $10 call options near the ask price of $0.25. This is against an open interest of 5,296, with the stock currently referenced at $9.44.
October 29, 2024 | 1:53 pm
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A significant option activity has been observed in BGC Group with a sweep of 2,000 November 15 $10 call options near the ask price. This suggests bullish sentiment as the stock is currently at $9.44.
The sweep of call options near the ask price indicates a strong bullish sentiment among investors, suggesting they expect the stock price to rise above $10 by November 15. The current stock price is $9.44, and the high open interest further supports potential upward movement.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90