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:
- CVBF May 12.5 calls (volume: 3090, open int: 0, implied vol: ~183%, prev day implied vol: 108%). Co is expected to report earnings late July.
- ONON May 30 calls (volume: 1660, open int: 150, implied vol: ~82%, prev day implied vol: 76%). Co is confirmed to report earnings May 16 before the open.
- CVS May 71 calls (volume: 3250, open int: 590, implied vol: ~42%, prev day implied vol: 41%). 1200 contracts traded in a single transaction. Co is expected to report earnings early August.
Bearish Put Activity:
- HOG May 35 puts (volume: 2080, open int: 0, implied vol: ~69%, prev day implied vol: 54%). Co is expected to report earnings late July.
- LPSN May 6 puts are seeing interest with the underlying stock up 17% (volume: 2580, open int: 0, implied vol: ~155%, prev day implied vol: 141%). Starboard delivers open letter to LPSN stockholders. Co is confirmed to report earnings Tuesday before the open.
Sentiment: The CBOE Put/Call ratio is currently: 0.91, VIX: (17.38, -2.71, -13.5%).
May 19 is options expiration -- the last day to trade May equity options.