Unusual Options Activity Fri 12/1/23

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:

• ELF Dec 125 calls (volume: 1630, open int: 340, implied vol: ~102%, prev day implied vol: 87%). Shares moving higher in sympathy with strong Ulta Beauty earnings. Co is expected to report earnings late January.
• FLWS Jan24 10 calls are seeing interest with the underlying stock up 5% (volume: 5060, open int: 10, implied vol: ~50%, prev day implied vol: 41%). Co is expected to report earnings early February.
• BROS Dec 28 puts  are seeing interest with the underlying stock up 5% (volume: 3460, open int: 10, implied vol: ~44%, prev day implied vol: 42%). Co is expected to report earnings late February.
• CAT Dec 265 calls (volume: 4690, open int: 90, implied vol: ~25%, prev day implied vol: 24%). Co is expected to report earnings late January.
  

Bearish Put Activity:

• RPHM Dec 5 puts are seeing interest with the underlying stock up 4% (volume: 2200, open int: 110, implied vol: ~551%, prev day implied vol: 424%). 1780 contracts traded in a single transaction. Co is expected to report earnings early March.
• BMBL Feb24 12 puts (volume: 2840, open int: 2720, implied vol: ~49%, prev day implied vol: 46%). 2K traded in a single transaction. Co is expected to report earnings early March.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.89, VIX: (12.73, -0.19, +1.0%).
December 15 is options expiration -- the last day to trade December equity options.