Unusual Options Activity Fri 5/24/24

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:

• AI Weekly May31 26.5 calls (volume: 12.7K, open int: 880, implied vol: ~80%, prev day implied vol: 60%). 11.7K traded in a single transaction. Co is confirmed to report earnings May 29 after the close.
• GPS Weekly May31 25 calls (volume: 2010, open int: 750, implied vol: ~72%, prev day implied vol: 56%). Co is confirmed to report earnings May 30 after the close.
• MRVL Jun 84 calls (volume: 1620, open int: 70, implied vol: ~51%, prev day implied vol: 46%). Co is confirmed to report earnings May 30 after the close.
• WDAY Weekly May24 235 calls are seeing interest with the underlying stock down 14% (volume: 3750, open int: 10, implied vol: ~26%, prev day implied vol: 24%). Co reported earnings last night.
  

Bearish Put Activity:

• ORCL Weekly May24 123 puts (volume: 2140, open int: 2740, implied vol: ~33%, prev day implied vol: 29%). Co is expected to report earnings mid-June.
• PZZA Jul 47.5 puts (volume: 5520, open int: 5550, implied vol: ~34%, prev day implied vol: 32%). 5230 contracts traded in a single transaction. We noted activity in the Jun 57.5 puts earlier in the week (see 5/23 13:17 OPTNX). Co is expected to report earnings early August.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.90, VIX: (12.19, -0.58, -4.6%).

June 21 is options expiration -- the last day to trade June equity options. 

== C3.ai (AI) reported earnings on Wed 6 Sep 23 (a/h)

 

C3.ai beats by $0.08, beats on revs; guides Q2 revs in-line; reaffirms FY24 revs guidance

• Reports Q1 (Jul) loss of $(0.09) per share, excluding non-recurring items, $0.08 better than the FactSet Consensus of ($0.17); revenues rose 10.8% year/year to $72.36 mln vs the $71.56 mln FactSet Consensus.
  • Current RPO was $170.6 million.
• Co issues in-line guidance for Q2 (Oct), sees Q2 revs of $72.0-76.5 mln vs. $73.84 mln FactSet Consensus.
• Co reaffirms guidance for FY24 (Apr), sees FY24 revs of $295-320 mln vs. $308.24 mln FactSet Consensus.

Unusual Options Activity, Wed 6/7/23

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:

• CMA Jun 45 calls (volume: 3030, open int: 230, implied vol: ~82%, prev day implied vol: 65%). 2210 contracts traded in a single transaction. Co is confirmed to report earnings July 21 before the open.
• MDB Jun 390 calls are seeing interest with the underlying stock down 4% (volume: 1690, open int: 410, implied vol: ~66%, prev day implied vol: 52%). Co is expected to report earnings late August.
• AI Jun 40 calls are seeing interest with the underlying stock down 6% (volume: 9460, open int: 25.3K, implied vol: ~134%, prev day implied vol: 123%). Co is expected to report earnings late August.
  

Bearish Put Activity:

• GME Jun 20 puts are seeing interest with the underlying stock up 4% ahead of earnings tonight after the close (volume: 4430, open int: 2020, implied vol: ~260%, prev day implied vol: 186%).
• DDOG Jun 97 puts are seeing interest with the underlying stock down 6% (volume: 4020, open int: 90, implied vol: ~55%, prev day implied vol: 48%). Co is presenting at a William Blair conference today. Co is expected to report earnings early August.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.93, VIX: (14.06, +0.10, +0.7%).
June 16 is options expiration -- the last day to trade June equity options.

This week's biggest % winners & losers : Aug 29 - Sep 2, 22 (wk 35)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: BHC (6.42 +23.84%), ALLK (4.62 +21.26%), OMER (4.53 +18.59%), AGIO (31.59 +17.87%), MGNX (4.25 +14.25%), BLUE (6.74 +13.66%), DCPH (16.82 +13.27%), APLS (62.53 +12%), RVNC (21.68 +11.52%)
• Consumer Discretionary: PDD (72.03 +25.12%), PRTY (2.04 +14.33%)
• Information Technology: AVYA (1.77 +33.71%), COMM (12.64 +22.55%), NTNX (21.58 +18.96%), HOLI (19.47 +18.21%), DXC (27.48 +12.93%)
• Financials: SQQQ (47.91 +14.44%)
• Energy: CCJ (28.89 +8.36%)

This week's top % losers

• Healthcare: FIXX (2.16 -23.94%)
• Materials: HMY (2.5 -21.04%)
• Consumer Discretionary: GCO (42.95 -31.17%), CLAR (15.46 -30.7%), EXPR (1.39 -28.72%), LE (10.85 -25.99%), FTCH (9.36 -22.19%), BBBY (8.55 -20.11%), SIG (54.9 -19.74%)
• Information Technology: OKTA (63.5 -32.07%), PLAB (15.3 -31.05%), MDB (243.99 -30.99%), SMTC (34.12 -30.35%), DAKT (3.07 -28.22%), AMBA (62.43 -25.97%), AI
• Financials: EHTH (5.64 -23.67%), AMTD (1.6 -22.33%)

C3.ai (AI) reported earnings on Wed 31 Aug 22 (a/h)

** chart after earnings ** 

Earnings this week : Aug 29 - Sep 2, 22 (wk 35)

Monday (Aug 29)

• Morning:  CTLT SLQT
• Afternoon: HEI

Tuesday (Aug 30)

• Morning: AMWD BIDU BMO BBY BIG CONN PLAB
• Afternoon:  AMBA CHPT CHWY CRWD HPE HPQ PVH

Wednesday (Aug 31)

• Morning:  BF.B DBI DCI VRA
• Afternoon:  AI COO CRDO FIVE GEF MDB NTNX OKTA PSTG SMTC S VEEV

Thursday (Sep 1)

• Morning: FLWS BRC CPB CIEN GCO GMS MOMO HRL OLLI PDCO SAIC SCWX SIG TTC WB
• Afternoon:  AVGO CVGW JOAN LULU NCNO OXM PD SMAR SPWH

 

C3.ai (AI) reported earnings on Wed 1 June 22 (a/h)

 ** charts before earnings **

 

** charts after earnings **

 C3.ai beats by $0.08, beats on revs; guides JulQ revs below consensus; guides FY23 revs below consensus

• Reports Q4 (Apr) loss of $(0.21) per share, excluding non-recurring items, $0.08 better than the S&P Capital IQ Consensus of $(0.29); revenues rose 38.3% year/year to $72.32 mln vs the $71.28 mln S&P Capital IQ Consensus.
  • Subscription revenue for the quarter was $56.3 million, an increase of 31% yr/yr.
• Co issues downside guidance for Q1 (Jul), sees Q1 revs of $65-67 mln vs. $71.62 mln S&P Capital IQ Consensus.
• Co issues downside guidance for FY23, sees FY23 revs of $308-316 mln vs. $333.93 mln S&P Capital IQ Consensus.

Earnings this week : May 30 - June 3, 22 (wk 22)

Tuesday (May 31)

• Morning: BEKE
• Afternoon:  AMBA APPS HPQ CRM SPWH VSCO

Wednesday (Jun 1)

• Morning:  CPRI CONN DCI WB
• Afternoon:  AI  CHWY CRDO DSGX ESTC GME HPE MDB NCNO NTAP PSTG PVH SMTC S PATH VEEV

Thursday (Jun 2)

• Morning: CAE CIEN DBI HRL SCWX SPTN TTC
• Afternoon:  ASAN CVGW COO CRWD JOAN LULU OKTA PD PHR RH ZUMZ

C3.ai (AI) reported earnings on Wed 1 Dec 2021 (a/h)

  ** charts after earnings **

 

 

 

C3.ai beats by $0.06, beats on revs; guides JanQ revs above consensus; guides FY22 revs above consensus

• Reports Q2 (Oct) loss of $(0.23) per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $(0.29); revenues rose 40.9% year/year to $58.26 mln vs the $56.95 mln S&P Capital IQ Consensus.
  • Subscription revenue grew 32% yr/yr to $47.4 mln.
  • GAAP RPO grew 74% yr/yr to $465.5 mln.
• Co issues upside guidance for Q3 (Jan), sees Q3 revs of $66-68 mln vs. $65.64 mln S&P Capital IQ Consensus.
• Co issues upside guidance for FY22, sees FY22 revs of $248-251 mln vs. $246.05 mln S&P Capital IQ Consensus.

Earnings this week : Nov. 29 - Dec. 3, 21 (wk 48)

Monday (Nov 29)

• Morning:  FRO LI
• Afternoon: GBDC

Tuesday (Nov 30)

• Morning: BNS BZUN MOMO JKS
• Afternoon:  AMBA BOX HPE NTAP CRM ZS

Wednesday (Dec 1)

• Morning:  DCI GIII PDCO RY
• Afternoon:  AI CRWD DSGX ESTC FIVE NCNO OKTA PVH SMTC SNOW SPLK SNPS VEEV ZUO

Thursday (Dec 2)

• Morning: CM DG GMS KR SCWX SIG TD
• Afternoon:  ASAN COO DOCU DOMO GWRE JOAN MRVL OLLI OOMA SMAR SWBI ULTA VRNT ZUMZ

Friday (Dec 3)  

• Morning:  BMO BIG DOLE GCO HIBB

This week's biggest % winners & losers: March 1 - 5, 21 (wk 9)

This week's top % gainers

• Healthcare: FPRX (37.77 +69.91%)
• Industrials: REZI (29.23 +21.67%)
• Consumer Discretionary: GRPN (63.55 +46.43%), MIK (21.71 +44.74%), GME (138.96 +36.58%)
• Energy: CPE (37.67 +47.32%), CLR (31.65 +30.89%), SM (17.66 +27.42%), ENLC (4.9 +27.27%), CDEV (5.02 +26.86%), MTDR (26.47 +26.71%), PVAC (18.37 +25.48%), QEP (4.26 +23.84%), PTEN (9.08 +22.7%), BCEI (39.11 +22.49%), FANG (84.85 +22.48%), RIG (4.21 +21.35%)

This week's top % losers

• Healthcare: ATNX (4.23 -65.04%), FGEN (35.27 -29.5%), SENS (2.43 -28.95%), NVAX (172.4 -25.44%), CDNA (63.51 -19.69%)
• Industrials: AMRC (43.07 -24.61%), BLDP (22.18 -20.27%)
• Information Technology: INSG (9.35 -35.92%), DDD (24.59 -31.38%), SSYS (23.68 -31.34%), CTK (2.82 -31.34%), MTLS (33 -27.49%), DQ (78.35 -24.84%), MDB (310.55 -19.53%), AI
• Energy: TELL (2.26 -26.86%), DM (15.5 -22.73%)

C3.ai (AI) reported earnings on Mon 1 March 21 (a/h)

** chart after earnings ** 

 

• Total Revenue of $49.1 million, increased 19% year over year;

• Subscription Revenue of $42.7 million, increased 23% year over year

REDWOOD CITY, Calif.--(BUSINESS WIRE)-- C3.ai, Inc. (NYSE: AI), a leading provider of enterprise AI applications software today announced results for its fiscal third quarter ended January 31, 2021.
“We continue to establish our leadership as the only enterprise AI software pure play," said CEO Thomas M. Siebel. “This is a large and rapidly growing market; we continue to innovate; we continue to expand our market-partner ecosystem and associated distribution capacity; and we continue to demonstrate technology leadership. I believe that we are increasingly well-positioned to establish a global market leadership position in enterprise AI software.”

Third Quarter Financial Highlights

• Revenue: Total revenue for the quarter was $49.1 million, up from $41.3 million one year ago, an increase of 19% year over year.

• Subscription revenue: Subscription revenue for the quarter was $42.7 million, up from $34.6 million one year ago, an increase of 23% year over year. Subscription revenue increased to 87% of total revenue, up from 84% of total revenue one year ago.

• Professional Services revenue: Professional Services revenue for the quarter was $6.4 million compared to $6.7 million one year ago, a 4% decrease. Year over year, professional services revenue decreased from 16% to 13% of total revenue.

• Gross Margin and non-GAAP Gross Margin: Gross margin for the quarter was $36.9 million, or 75%, compared to $30.4 million, or 74% one year ago, an increase of 22% year over year. Non-GAAP gross margin was $37.3 million, or 76%, an increase from $30.5 million, or 74% one year ago, an increase of 22% year over year.

• Loss from Operations and Non-GAAP Loss from Operations: Loss from operations for the quarter was $18.5 million, compared to $10.4 million one year ago. Non-GAAP operating loss for the third quarter was $11.9 million, compared to $8.4 million one year ago.

Earnings this week : March 1 - 5, 2021 (wk 9)

Monday (Mar 1)

• Morning: AI  ASTE BHVN CDLX CWEN CORE CVET XRAY EBIX EVTC THRM HGV HNI MGLN MIDD NOVT NRG PRGO RETA SSYS TGNA QURE XHR
• Afternoon: DDD AEGN AMBC CYRX FGEN HLIO INO INSG IPAR LMND MBI MELI NIO NVAX OOMA OSUR PLYA RGNX RPAY SRPT SGMS SILK SWCH ZM

Tuesday (Mar 2)

• Morning: ANF AER AZO BSY CHS DIN TILE IGT KSS KTB LL SE TGT
• Afternoon:  AMBA BGS BOX DAR FUBO GO HPE MRVI JWN ROST URBN VEEV

Wednesday (Mar 3)

• Morning:  DLTR DY EYE PDCO STLA WEN
• Afternoon:  AEO DSGX JEF MRVL OKTA RRGB SNOW SQM SPLK TCOM VRM YEXT

Thursday (Mar 4)

• Morning: BZUN BJ BURL CNQ CRAI CIEN GCP GMS JW.A KR MEI MIK PRPL SDGR FOUR TTC
• Afternoon:  AQN AVGO CERT CHUY COO COST FLGT GPS GWRE IMAX JAMF MDLA OPEN NX WORK SDC SWBI

Friday (Mar 5)  

• Morning:  BIG GSX HIBB