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:
- SPWR Apr 13 calls (volume: 3020, open int: 260, implied vol: ~125%, prev day implied vol: 71%). Co is expected to report earnings early May.
- RUN Apr 18.5 calls (volume: 1880, open int: 270, implied vol: ~135%, prev day implied vol: 88%). Co is confirmed to report earnings May 3 after the close.
- ACI May 21 calls (volume: 1770, open int: 460, implied vol: ~20%, prev day implied vol: 17%). Co is confirmed to report earnings April 11 before the open.
Bearish Put Activity:
- LNC May 17.5 puts (volume: 13.2K, open int: 120, implied vol: ~89%, prev day implied vol: 82%). We noted activity in the Jul 22.5 puts earlier this week (see 4/4 13:20 OPTNX). Co is confirmed to report earnings May 9 after the close.
Sentiment: The CBOE Put/Call ratio is currently: 1.00, VIX: (18.67, +0.98, +1.0%).
April 21 is options expiration -- the last day to trade April equity options.