Unusual Options Activity Thur 6/20/24

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:

• SIRI Weekly Jun28 3.5 calls (volume: 9.8K, open int: 30.9K, implied vol: ~92%, prev day implied vol: 60%). Co is expected to report earnings late July.
• CIFR Jul 6 calls are seeing interest with the underlying stock up 6% (volume: 30.0K, open int: 33.8K, implied vol: ~117%, prev day implied vol: 89%). 17.9K contracts traded in a single transaction. Co is expected to report earnings early August.
• MARA Jun 21 calls (volume: 15.9K, open int: 15.6K, implied vol: ~91%, prev day implied vol: 85%). Co is expected to report earnings early August.
  

Bearish Put Activity:

• DJT Jun 25 puts  are seeing interest with the underlying stock down 13% (volume: 8630, open int: 10.2K, implied vol: ~123%, prev day implied vol: 85%). Co announced SEC effectiveness of Amended Form S-1. Co is expected to report earnings mid-August.
• ARM Jun 165 puts are seeing interest with the underlying stock down 6% (volume: 4760, open int: 1970, implied vol: ~74%, prev day implied vol: 64%). Co is expected to report earnings early August.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.87, VIX: (13.38, +0.90, +7.2%).
Tomorrow is options expiration -- the last day to trade June equity options.