Unusual Options Activity Fri 2/2/24

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:

• CVNA Feb 43 calls (volume: 4510, open int: 1120, implied vol: ~125%, prev day implied vol: 93%). Co is expected to report earnings mid-February.
• BILL Feb 78 calls (volume: 2070, open int: 20, implied vol: ~74%, prev day implied vol: 65%). Co is confirmed to report earnings February 8 after the close.
• CVS Feb 75 calls (volume: 4140, open int: 210, implied vol: ~42%, prev day implied vol: 37%). Co is confirmed to report earnings February 7 before the open.
  

Bearish Put Activity:

• CNK Feb 13 puts (volume: 1790, open int: 0, implied vol: ~69%, prev day implied vol: 52%). Co is confirmed to report earnings February 16 before the open.
• MPW Feb 3 puts are seeing interest with the underlying stock down 4% (volume: 40.9K, open int: 6.3K, implied vol: ~101%, prev day implied vol: 97%). 20K traded in a single transaction. Co is expected to report earnings mid-February.
  

Sentiment: The CBOE Put/Call ratio is currently: 1.00, VIX: (13.98, +0.10, +0.7%).
February 16 is options expiration -- the last day to trade February equity options.