Unusual Options Activity Fri 3/15/24

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:

• VFC March 14.5 Calls (volume: 2523, open int: 85, implied vol: ~125%, prev day implied vol: 65%). Co is expected to report earnings mid May.
• ARMK March 31 Calls (volume: 2405, open int: 9, implied vol: ~135%, prev day implied vol: 22%). Co is expected to report earnings early May.

Bearish Put Activity:

• Z March 51 Puts are seeing interest with the underlying stock down 15% (volume: 1438, open int: 0, implied vol: ~256%, prev day implied vol: 54%). Co is expected to report earnings early May.
• USFD March 55 Puts (volume: 1250, open int: , implied vol: ~177%, prev day implied vol: 20%). Co is expected to report earnings early May.

Sentiment: The CBOE Put/Call ratio is currently: 0.90, VIX: (14.40, +0.65, +4.73%).
March 15 is options expiration -- the last day to trade March equity options.