Insider Trading : Fri 6/9/23

Notable purchases -- CEO adds to ACIW; notable sales -- 10% owner active in WRBY

Buyers:

• ACIW Director, President and CEO bought 43,000 shares at $23.05 - $24.35 worth ~$1.0 mln.
• AMPS 10% owner bought 239,000 shares at $5.165 - $5.64 worth ~$1.3 mln.
• FHN Director bought 10,000 shares at $11.61 - $11.62 worth ~$116K.
• MODG Director disclosed the purchase of 100,000 shares worth ~$1.9 mln.
• SAFT 10% owner bought 9,820 shares at ~$73.863 worth ~$725K.

Sellers:

• CWK 10% owner sold 3,000,000 shares at ~$8.625 worth ~$25.9 mln.
  
• JOE 10% owner Fairholme Fund (Bruce Berkowitz) sold 157,100 shares at $46.08 - $46.52 worth ~$7.3 mln.
• WRBY 10% owner sold 377,421 shares at $12.11 - $12.30 worth ~$4.6 mln.

Unusual Options Activity, Wed 5/24/23

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:

• GLW May 32 calls (volume: 5870, open int: 10, implied vol: ~41%, prev day implied vol: 28%). 1300 contracts traded in a single transaction. Co is expected to report earnings late July.
• ETRN Oct 8 calls (volume: 210.3K, open int: 0, implied vol: ~54%, prev day implied vol: 46%). 100K traded in a single transaction. Co is expected to report earnings early August.
• MODG Jun 17.5 calls (volume: 8.5K, open int: 1.1K, implied vol: ~47%, prev day implied vol: 40%). Co is scheduled to present at a Topgolf Callaway Brands Virtual Investor Event on June 1. Co is expected to report earnings early August.
  

Bearish Put Activity:

• RY Jun 90 puts are seeing interest ahead of earnings tomorrow before the open (volume: 1930, open int: 140, implied vol: ~26%, prev day implied vol: 22%).
• MPW Jan24 8 puts (volume: 5310, open int: 300, implied vol: ~58%, prev day implied vol: 56%). 3400 contracts traded in a single transaction. Co announces prospect recapitalization transactions. Co is expected to report earnings early August.
  

Sentiment: The CBOE Put/Call ratio is currently: 1.00, VIX: (20.42, +1.89, +10.2%).