Unusual Options Activity, Mon 5/8/23

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• GRAB May 3 calls are seeing interest with the underlying stock up 9% (volume: 43.1K, open int: 60, implied vol: ~113%, prev day implied vol: 80%). 25K traded in a single transaction. Co is confirmed to report earnings May 18 before the open.
• BKD May 4 calls (volume: 7350, open int: 10, implied vol: ~142%, prev day implied vol: 114%). Over 2500 contracts traded in a single transaction. Co is expected to report earnings early May.
• HOOD May 9 calls are seeing interest ahead of earnings Wednesday after the close (volume: 2070, open int: 1230, implied vol: ~109%, prev day implied vol: 82%).
  

Bearish Put Activity:

• NET May 43 puts are seeing interest with the underlying stock up 4% (volume: 2190, open int: 560, implied vol: ~67%, prev day implied vol: 56%). Co announced its partnership with Kyndryl Holdings to help enterprises modernize and scale their corporate networks with managed WAN-as-a-Service and Cloudflare Zero Trust.
• HL May 6 puts are seeing interest ahead of earnings Wednesday before the open (volume: 3380, open int: 230, implied vol: ~63%, prev day implied vol: 52%). 2K traded in a single transaction. 
  

Sentiment: The CBOE Put/Call ratio is currently: 0.95, VIX: (17.40, +0.21, +1.2%).
May 19 is options expiration -- the last day to trade May equity options.