Unusual Options Activity, Wed 6/7/23

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:

• CMA Jun 45 calls (volume: 3030, open int: 230, implied vol: ~82%, prev day implied vol: 65%). 2210 contracts traded in a single transaction. Co is confirmed to report earnings July 21 before the open.
• MDB Jun 390 calls are seeing interest with the underlying stock down 4% (volume: 1690, open int: 410, implied vol: ~66%, prev day implied vol: 52%). Co is expected to report earnings late August.
• AI Jun 40 calls are seeing interest with the underlying stock down 6% (volume: 9460, open int: 25.3K, implied vol: ~134%, prev day implied vol: 123%). Co is expected to report earnings late August.
  

Bearish Put Activity:

• GME Jun 20 puts are seeing interest with the underlying stock up 4% ahead of earnings tonight after the close (volume: 4430, open int: 2020, implied vol: ~260%, prev day implied vol: 186%).
• DDOG Jun 97 puts are seeing interest with the underlying stock down 6% (volume: 4020, open int: 90, implied vol: ~55%, prev day implied vol: 48%). Co is presenting at a William Blair conference today. Co is expected to report earnings early August.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.93, VIX: (14.06, +0.10, +0.7%).
June 16 is options expiration -- the last day to trade June equity options.