Unusual Options Activity Wed 8/21/24

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:

• BBAI Weekly Aug23 2 calls are seeing interest with the underlying stock up 30% (volume: 7.0K, open int: 160, implied vol: ~145%, prev day implied vol: 87%). The Co. and Concept Solutions team awarded 10 year $2.4 billion shared contract with U.S. Federal Aviation Administration to provide IT solutions and emerging tech.
• FUBO Weekly Aug23 2 calls (volume: 12.0K, open int: 30.9K, implied vol: ~116%, prev day implied vol: 93%). 1500 contracts traded in a single transaction. Co is expected to report earnings early November.
• EOSE Jan25 3 calls are seeing interest with the underlying stock up 15% (volume: 21.2K, open int: 15.1K, implied vol: ~119%, prev day implied vol: 106%). 20K traded in a single transaction. Stock was resumed with a Buy at Stifel. Co is expected to report earnings mid-November.
  

Bearish Put Activity:

• WOLF Sep 8 puts are seeing interest ahead of earnings tonight after the close (volume: 4.0K, open int: 600, implied vol: ~153%, prev day implied vol: 106%).
• KSS Sep 19 puts (volume: 15.5K, open int: 20, implied vol: ~70%, prev day implied vol: 55%). We noted activity in the Sep 19 puts earlier this week (see 8/20 13:42 OPTNX). Co is confirmed to report earnings August 28 before the open.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.84, VIX: (16.70, +0.82, +5.2%).
September 20 is options expiration -- the last day to trade September equity options.