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Tuesday, June 20, 2023

Unusual Options Activity, Tue 6/20/23

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:

  • CHPT June 9 calls are seeing interest with the underlying stock down 8% (volume: 8630, open int: 3750, implied vol: ~96%, prev day implied vol: 64%). Co is expected to report earnings late August.
  • ETSY Jun 100 calls (volume: 10.2K, open int: 120, implied vol: ~61%, prev day implied vol: 46%). Co approves repurchase of up to $1 bln in common stock. Co is expected to report earnings late July.
  • QCOM Jun 130 calls (volume: 3280, open int: 3830, implied vol: ~46%, prev day implied vol: 31%). Co is expected to report earnings early August.

Bearish Put Activity:

  • PBR Jan25 10 puts (volume: 2410, open int: 0, implied vol: ~43%, prev day implied vol: 27%). Co is scheduled to present at a investor day on Dec 1. Co is expected to report earnings mid-August.

Sentiment: The CBOE Put/Call ratio is currently: 0.82, VIX: (14.22, +0.03, +0.2%).
July 21 is options expiration -- the last day to trade July equity options.

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