Unusual Options Activity Wed 5/15/24

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:

• JMIA Weekly May24 7.5 calls (volume: 11.0K, open int: 790, implied vol: ~107%, prev day implied vol: 88%). Co is expected to report earnings early August.
• CLSK Weekly May24 17 calls are seeing interest with the underlying stock up 7% (volume: 1590, open int: 1790, implied vol: ~97%, prev day implied vol: 82%). Co is expected to report earnings early August.
• SNOW May 165 calls (volume: 8810, open int: 4890, implied vol: ~61%, prev day implied vol: 47%). Co is confirmed to report earnings May 22 after the close.
  

Bearish Put Activity:

• DOCS June 20 puts are seeing interest ahead of earnings tomorrow after the close (volume: 11.5K, open int: 7.8K, implied vol: ~104%, prev day implied vol: 58%). 2000 contracts traded in a single transaction.
• BB May 4 calls are seeing interest with the underlying stock down 9% (volume: 8650, open int: 23.9K, implied vol: ~112%, prev day implied vol: 76%).
  

Sentiment: The CBOE Put/Call ratio is currently: 0.90, VIX: (12.71, -0.70, -5.2%).
May 17 is options expiration -- the last day to trade May equity options.