Unusual Options Activity, Fri 6/2/23

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:

• UAL Jun 48 calls (volume: 10.1K, open int: 3.2K, implied vol: ~63%, prev day implied vol: 45%). 2K traded in a single transaction. Co is expected to report earnings mid-July.
• CALX Jun 50 calls are seeing interest with the underlying stock up 6% (volume: 3500, open int: 30, implied vol: ~48%, prev day implied vol: 40%). Co is presenting at two conferences next week. Co is expected to report earnings late July.
• HOOD Jan23 9 calls (volume: 3210, open int: 850, implied vol: ~46%, prev day implied vol: 44%). Co is scheduled to present at a Piper Sandler Companies on June 7. Co is expected to report earnings early August.
  

Bearish Put Activity:

• NCLH Jun 15.5 puts (volume: 5920, open int: 480, implied vol: ~140%, prev day implied vol: 58%). Co is expected to report earnings early August.
• SBUX Aug 85 puts (volume: 2000, open int: 220, implied vol: ~31%, prev day implied vol: 30%). Co is scheduled to present at a TD Cowen conference on June 6. Co is confirmed to report earnings August 1 after the close.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.88, VIX: (14.79, -0.86, -5.5%).
June 16 is options expiration -- the last day to trade June equity options.