The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.
- UNIT Aug 4 calls are seeing interest with the underlying stock up 10% (volume: 3570, open int: 0, implied vol: ~82%, prev day implied vol: 69%). 3500 contracts traded in a single transaction. Co is confirmed to report earnings May 4 before the open.
- CFG May 32.5 calls (volume: 4070, open int: 1540, implied vol: ~59%, prev day implied vol: 48%). Co is confirmed to report earnings July 19 before the open.
- QCOM Apr 116 calls (volume: 5790, open int: 730, implied vol: ~35%, prev day implied vol: 32%). Co is confirmed to report earnings May 3 after the close.
- WBD May 13 calls are seeing interest with the underlying stock 4% (volume: 20.8K, open int: 150, implied vol: ~66%, prev day implied vol: 63%). 10K traded in a single transaction. Co is confirmed to report earnings May 5 before the open.
Bearish Put Activity:
- CLF Apr 15 puts (volume: 2610, open int: 500, implied vol: ~85%, prev day implied vol: 55%). Chairman, President & CEO and the EVP & President of CC Services bought a total of 107,300 shares worth ~$1.6 mln. Co is expected to report earnings mid-July.
Sentiment: The CBOE Put/Call ratio is currently: 1.01, VIX: (16.16, -0.87, -5.1%).
May 19 is options expiration -- the last day to trade May equity options.