Tuesday, September 26, 2023 1:39:45 PM
Interesting… PacWest Bancorp $PACW on the 27 OCT 23 $6.50P.
Volume on this contract is 5,397 versus open interest of 7.
After more investigation, $PACW is tentatively marked to report Q3 earnings on 26 OCT 23 after closing bell. Positioning of this size tells me that someone is trying to capitalize on the Earnings.
Staying away for now for me but still interesting. Still rolling with my $MET (which is stinky right now) and my $ABBV.
https://www.advfn.com/stock-market/NASDAQ/PACW/options?expiry=20231027&strikes=10
Volume on this contract is 5,397 versus open interest of 7.
After more investigation, $PACW is tentatively marked to report Q3 earnings on 26 OCT 23 after closing bell. Positioning of this size tells me that someone is trying to capitalize on the Earnings.
Staying away for now for me but still interesting. Still rolling with my $MET (which is stinky right now) and my $ABBV.
https://www.advfn.com/stock-market/NASDAQ/PACW/options?expiry=20231027&strikes=10
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