Unusual Options Activity Mon 11/25/24

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

• ACHR Weekly Nov29 7 calls are seeing interest with the underlying stock up 25% (volume: 2.9K, open int: 3.0K, implied vol: ~154%, prev day implied vol: 98%). We noted activity in the Dec 6 calls earlier this month (see 11/21 13:36 OPTNX). Co is expected to report earnings mid-February.
• OPEN Weekly Nov29 2.5 calls are seeing interest with the underlying stock up 16% (volume: 6.5K, open int: 1.2K, implied vol: ~108%, prev day implied vol: 82%). We noted activity in the Weekly Dec06 2 calls last week (see 11/22 13:26 OPTNX). Co is expected to report earnings late February.
• JOBY Weekly Nov29 9 calls are seeing interest with the underlying stock up 17% (volume: 3.8K, open int: 60, implied vol: ~109%, prev day implied vol: 99%). Co is expected to report earnings mid-February.
• NKE Weekly Nov29 82 calls (volume: 12.3K, open int: 950, implied vol: ~41%, prev day implied vol: 35%). Co is confirmed to report earnings December 19 after the close.
  

Bearish Put Activity

• KSS Weekly Nov29 15 puts are seeing interest with the underlying stock up 8% ahead of earnings tomorrow before the open (volume: 17.4K, open int: 2.3K, implied vol: ~71%, prev day implied vol: 57%). 15K traded in a single transaction.
• MPW Weekly Nov29 4.5 puts are seeing interest with the underlying stock up 15% (volume: 38.0K, open int: 53.9K, implied vol: ~68%, prev day implied vol: 60%). Co is expected to report earnings late February.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.85, VIX: (15.60, +0.36, +2.4%).
December 20 is options expiration -- the last day to trade December equity options.