Unusual Options Activity Wed 9/13/23

Stocks seeing volatility buying (bullish call buying/bearish put buying):

Calls:

• TEVA Sept 8 calls are seeing interest with 105 contracts trading vs. open int of 10760, pushing implied vol up around 93 points to ~260.72%. The Co is expected to report its next earnings in late October/ early November
  
• FSLY Sept 12.50 calls are seeing interest with 120 contracts trading vs. open int of 630, pushing implied vol up around 206 points to ~325.6%. The Co is expected to report its next earnings in late October/early November

Puts:

• VFS Sept 70 puts are active with 60 contracts trading vs. open int of 1240, pushing implied vol down around 368 points to ~968.24%. There was a Barrons report that half of its 2023 EV sales were to a taxi company, controlled by itself
  
• SMTC Sept 21 puts are active with 110 contracts trading vs. open int of 2570, pushing implied vol down around 86 points to ~259.77%. The Co will report this afternoon

Sentiment: The CBOE Put/Call ratio is currently: 1.03, VIX: (13.44, -0.79, -5.55%).
September 15 is options expiration -- the last day to trade September equity options.