Unusual Options Activity Tue 9/5/23

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:

• MVIS Sep 3 calls (volume: 11.5K, open int: 90, implied vol: ~140%, prev day implied vol: 97%). 2K traded in a single transaction. Co is expected to report earnings early November.
• AXL Sep 7 calls (volume: 1850, open int: 0, implied vol: ~52%, prev day implied vol: 32%). 1850 contacts traded in a single transaction. Co is expected to report earnings early November.
• RENT Sep 2.5 calls are seeing interest with the underlying stock up 7% (volume: 11.1K, open int: 0, implied vol: ~25%, prev day implied vol: 22%). 2350 contracts traded in a single transaction. Co is expected to report earnings early November.
  

Bearish Put Activity:

• MTCH Sep 47 puts (volume: 1860, open int: 20, implied vol: ~45%, prev day implied vol: 33%). Co is scheduled to present at a Goldman Sachs conference tomorrow and a Citigroup conference on Thursday. Co is expected to report earnings late October.
• JD Sep 33 puts (volume: 3160, open int: 400, implied vol: ~40%, prev day implied vol: 33%). Co is expected to report earnings mid-November.
  

Sentiment: The CBOE Put/Call ratio is currently: 1.04, VIX: (13.79, -0.03, -0.2%).
September 15 is options expiration -- the last day to trade September equity options.