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Friday, August 25, 2023

Unusual Options Activity Fri 8/25/23

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:
KHC Weekly Aug25 34 calls (volume: 12.9K, open int: 300, implied vol: ~30%, prev day implied vol: 20%). 1240 contracts traded in a single transaction. Co is expected to report earnings early November.
ALKS Nov 29 calls (volume: 1510, open int: 0, implied vol: ~48%, prev day implied vol: 39%). 1500 contracts traded in a single transaction. Sarissa Capital lowers active stake to 4.997% following the sale of more than 5.7 min shares (7/27-8/24 transaction dates). Co is expected to report earnings late October.

Bearish Put Activity:
PLTR  Weekly Aug25 14 puts (volume: 35.0K, open int: 23.8K, implied vol: ~125%, prev day implied vol: 72%). 1900 contracts traded in a single transaction. Co is expected to report earnings early November,
SPWR Weekly Aug25 7 puts (volume: 3870, open int: 620, implied vol: ~102%, prev day implied vol: 74%). Co is expected to report earnings early November.
SPWH Sep 5 puts (volume: 2200, open int: 210, implied vol: ~62%, prev day implied vol: 51%). Co is confirmed to report earnings September 6 before the open.
Sentiment: The CBOE Put/Call ratio is currently: 1.12, VIX: (16.17, -1.03, -6.0%).
September 15 is options expiration -- the last day to trade September equity options.

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