Trade with Eva: Analytics in action >>

Tuesday, October 10, 2023

Unusual Options Activity Tue 10/10/23

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:

  • PLUG Oct 7 calls are seeing interest with the underlying stock up 11% (volume: 11.8K, open int: 7370, implied vol: ~99%, prev day implied vol: 93%). 1000 contracts traded in a single transaction. Co is expected to report earnings early November.
  • HLF Nov 17.5 calls (volume: 5560, open int: 0, implied vol: ~76%, prev day implied vol: 70%). 4100 contracts traded in a single transaction. Co is confirmed to report earnings November 1 before the open.
  • STNE Nov 12 calls are seeing interest with the underlying stock up 5% (volume: 3010, open int: 10, implied vol: ~52%, prev day implied vol: 48%). 3K traded in a single transaction. Co is expected to report earnings mid-November.
  • JBLU Oct 5 calls are seeing interest with the underlying stock up 4% (volume: 2260, open int: 500, implied vol: ~12%, prev day implied vol: 10%). Co is expected to report earnings late October.

Bearish Put Activity:

  • SAVE Jan24 15 puts (volume: 1860, open int: 40, implied vol: ~120%, prev day implied vol: 99%). Co is expected to report earnings late October.
  • JOBY Apr24 6 puts (volume: 2050, open int: 0, implied vol: ~68%, prev day implied vol: 65%). Kerrisdale Capital is short JOBY; "In its path to almost certain failure, it's going to incinerate billions of investor capital or just go bust." Co is expected to report earnings early November.

Sentiment: The CBOE Put/Call ratio is currently: 1.08, VIX: (16.71, -0.99, -5.6%).
October 20 is options expiration -- the last day to trade October equity options.

No comments:

Post a Comment