Unusual Options Activity Mon 1/29/24

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:

• CLF Feb 19 calls are seeing interest ahead of earnings tonight after the close (volume: 6820, open int: 1840, implied vol: ~79%, prev day implied vol: 59%).
• MO Feb 40.5 calls are seeing interest ahead of earnings Thursday before the open (volume: 4620, open int: 660, implied vol: ~35%, prev day implied vol: 25%).
• PM Feb 90 calls (volume: 1550, open int: 0, implied vol: ~21%, prev day implied vol: 15%). Co is confirmed to report earnings February 8 before the open.

Bearish Put Activity:

• VALE Apr 13 puts (volume: 10.2K, open int: 30, implied vol: ~41%, prev day implied vol: 24%). 8000 contracts traded in a single transaction. Co is expected to report earnings early May,
• ROKU Feb 85 puts (volume: 1800, open int: 490, implied vol: ~64%, prev day implied vol: 53%). Co is expected to report earnings mid-February.

Sentiment: The CBOE Put/Call ratio is currently: 0.91, VIX: (13.68, +0.42, +3.1%).

February 16 is options expiration -- the last day to trade February equity options.