Unusual Options Activity Fri 8/11/23

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:

• MARA Aug 15 calls (volume: 1770, open int: 6810, implied vol: ~188%, prev day implied vol: 114%). Co is expected to report earnings mid-November.
• CLSK Aug 7.5 calls are seeing interest with the underlying stock up 11% (volume: 4870, open int: 2410, implied vol: ~133%, prev day implied vol: 118%). Co is scheduled to present at a HC Wainwright conference on September 11. Co is expected to report earnings mid-November.
• LRCX Aug 665 calls are seeing interest with the underlying stock down 4% (volume: 1950, open int: 0, implied vol: ~50%, prev day implied vol: 40%). Co is expected to report earnings mid-October.
  

Bearish Put Activity:

• RBLX Aug 30 puts (volume: 1560, open int: 3360, implied vol: ~93%, prev day implied vol: 57%). Co is expected to report earnings early November.
• CRWD Aug 150 puts (volume: 2170, open int: 490, implied vol: ~52%, prev day implied vol: 44%). 1K traded in a single transaction. Co is confirmed to report earnings August 30 after the close.
  

Sentiment: The CBOE Put/Call ratio is currently: 1.07, VIX: (15.64, -0.21, -1.3%).
August 18 is options expiration -- the last day to trade August equity options.

Lam Research (LRCX) reported earnings on Wed 23 Oct 19 (a/h)

** charts after earnings **

Lam Research beats by $0.16, reports revs in-line; guides Q2 EPS above consensus, revs above consensus

Reports Q1 (Sep) earnings of $3.18 per share, $0.16 better than the S&P Capital IQ Consensus of $3.02; revenues fell 7.1% year/year to $2.17 bln vs the $2.17 bln S&P Capital IQ Consensus.

• Non-GAAP gross margin of 45.4%, non-GAAP operating income as a percentage of revenue of 25.5%

Co issues upside guidance for Q2, sees EPS of $3.60-4.00, excluding non-recurring items, vs. $3.14 S&P Capital IQ Consensus; sees Q2 revs of $2.35-2.65 bln vs. $2.2 bln S&P Capital IQ Consensus.

Lam Research (LRCX) reported earnings on Tue 17 Apr 2018 (a/h)

** charts before earnings **

 

** charts after earnings **

Lam Research beats by $0.41, beats on revs; guides Q4 EPS above consensus, revs above consensus 

• Reports Q3 (Mar) earnings of $4.79 per share, $0.41 better than the Capital IQ Consensus of $4.38; revenues rose 34.2% year/year to $2.89 bln vs the $2.85 bln Capital IQ Consensus.
• Reports shipments of $3.13 billion, up 19% q/q.
• Gross margin of 46.0% vs. 46.7% last quarter.
• Co issues upside guidance for Q4, sees EPS of $4.80-$5.20 vs. $4.65 Capital IQ Consensus Estimate; sees Q4 revs of $2.95-$3.25 bln vs. $2.94 bln Capital IQ Consensus Estimate. Sees Non-GAAP gross margin of 46.5-48.5%.