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.

Unusual Options Activity Mon 9/11/23

Stocks seeing volatility buying (bullish call buying/bearish put buying):

Calls:

• FUBO Sept 3.50 calls are seeing interest with 220 contracts trading vs. open int of 1380, pushing implied vol up around 27 points to ~126.89%
  
• TLRY Sept 5 calls are seeing interest with 430 contracts trading vs. open int of 1510, pushing implied vol up around 77 points to ~234.27%. The Co is slated to reports its next earnings in October.

Puts:

• NVAX Nov 7.50 puts are active with 90 contracts trading vs. open int of 3010, pushing implied vol down around 2 points to ~144.98%. Underlying shares -6%.
  
• CVNA Sept 49 puts are active with 60 contracts trading vs. open int of 1110, pushing implied vol down around 15 points to ~102.86%. Underlying shares +7%.

Sentiment: The CBOE Put/Call ratio is currently: 0.90, VIX: (13.83, -0.01, -0.07%).

Unusual Options Activity, Thur 5/11/23

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:

• FUBO May 2 calls (volume: 5770, open int: 9650, implied vol: ~229%, prev day implied vol: 182%). 5K traded in a single transaction. Co is expected to report earnings mid-August.
• PLX Aug 3 calls are seeing interest with the underlying stock down 11% (volume: 2030, open int: 240, implied vol: ~87%, prev day implied vol: 71%). Co is expected to report earnings mid-August.
• ASRT Jan24 12 calls are seeing interest with the underlying stock up 5% (volume: 5540, open int: 5090, implied vol: ~81%, prev day implied vol: 66%). 5400 contracts traded in a single transaction. Co is expected to report earnings early August.
  

Bearish Put Activity:

• HRZN Jun 10 puts (volume: 1640, open int: 830, implied vol: ~82%, prev day implied vol: 71%). Co is expected to report earnings late August.
• SHOP May 62 puts (volume: 7010, open int: 3630, implied vol: ~45%, prev day implied vol: 41%). Co is expected to report earnings late July.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.96, VIX: (17.20, +0.26, +1.5%).
May 19 is options expiration -- the last day to trade May equity options.