Unusual Options Activity, Fri 6/23/23

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:

• EOSE Jan24 2.5 calls are seeing interest with the underlying stock down 7% (volume: 1910, open int: 230, implied vol: ~138%, prev day implied vol: 133%). 1000 contracts traded in a single transaction. Co is expected to report earnings mid-July.
• COST Jun 525 calls (volume: 1780, open int: 1990, implied vol: ~20%, prev day implied vol: 15%). Co is expected to report earnings mid-September.
• ORCL Sep 130 calls (volume: 2490, open int: 230, implied vol: ~24%, prev day implied vol: 23%). 1290 contracts traded in a single transaction. Co is expected to report earnings mid-September.
• SNAP Aug 12 calls (volume: 24.0K, open int: 19.3K, implied vol: ~74%, prev day implied vol: 73%). 9180 contracts traded in a single transaction. Co is expected to report earnings late July.
  

Bearish Put Activity:

• HPP Sep 5 puts are seeing interest with the underlying stock down 6% (volume: 2660, open int: 10, implied vol: ~91%, prev day implied vol: 59%). 2700 contracts traded in a single transaction. Co is expected to report earnings late July.
• DD Jul 67.5 puts (volume: 2730, open int: 80, implied vol: ~27%, prev day implied vol: 24%). Co is expected to report earnings early August.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.83, VIX: (12.94, +0.03, +0.2%).
July 21 is options expiration -- the last day to trade July equity options.