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Friday, August 11, 2023

Unusual Options Activity Fri 8/11/23

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:

  • MARA Aug 15 calls (volume: 1770, open int: 6810, implied vol: ~188%, prev day implied vol: 114%). Co is expected to report earnings mid-November.
  • CLSK Aug 7.5 calls are seeing interest with the underlying stock up 11% (volume: 4870, open int: 2410, implied vol: ~133%, prev day implied vol: 118%). Co is scheduled to present at a HC Wainwright conference on September 11. Co is expected to report earnings mid-November.
  • LRCX Aug 665 calls are seeing interest with the underlying stock down 4% (volume: 1950, open int: 0, implied vol: ~50%, prev day implied vol: 40%). Co is expected to report earnings mid-October.

Bearish Put Activity:

  • RBLX Aug 30 puts (volume: 1560, open int: 3360, implied vol: ~93%, prev day implied vol: 57%). Co is expected to report earnings early November.
  • CRWD Aug 150 puts (volume: 2170, open int: 490, implied vol: ~52%, prev day implied vol: 44%). 1K traded in a single transaction. Co is confirmed to report earnings August 30 after the close.

Sentiment: The CBOE Put/Call ratio is currently: 1.07, VIX: (15.64, -0.21, -1.3%).
August 18 is options expiration -- the last day to trade August equity options.

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