Someone with a lot of money is betting that a company called Enovix will do well. They bought a lot of options, which are like a special kind of bet on a company's future. Other people are watching this and think it might be a good idea to buy Enovix too. Read from source...
- He questioned the credibility of the source (Benzinga), which is an independent provider of financial news and data.
- He criticized the lack of details about the options trades, such as the number of contracts, the expiration date, and the strike price.
- He pointed out the discrepancy between the put and call ratio, which suggests a mixed sentiment among the large investors.
- He raised concerns about the reliability of the open interest and volume data, which may not reflect the actual market activity.
- He highlighted the negative performance of the stock, which may indicate a bearish outlook on the company.
- He mentioned the recent downgrades and neutral ratings from professional analysts, which may contradict the bullish sentiment of the options scanner.