Unusual Options Activity Thur 12/7/23

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:

• HPQ Dec 29.5 calls (volume: 16.3K, open int: 40, implied vol: ~35%, prev day implied vol: 22%). Co is expected to report earnings late February,
• DDOG Dec 117 calls (volume: 4120, open int: 230, implied vol: ~49%, prev day implied vol: 44%). Stifel upgraded to Buy. Co is expected to report earnings mid-February,
• INGN Jan24 7.5 calls (volume: 2670, open int: 0, implied vol: ~35%, prev day implied vol: 31%). Co is expected to report earnings late February.
  

Bearish Put Activity:

• COIN Dec 130 puts (volume: 3140, open int: 9760, implied vol: ~100%, prev day implied vol: 88%). Co is expected to report earnings late February.
• TSM Dec 96 puts (volume: 2220, open int: 4030, implied vol: ~42%, prev day implied vol: 31%). 1750 contracts traded in a single transaction. Co is expected to report earnings mid-January.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.89, VIX: (13.01, +0.04, +0.3%).
December 15 is options expiration -- the last day to trade December equity options.