Unusual Options Activity Fri 6/21/24

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:

• SIRI Weekly Jun29 5.5 calls (volume: 2090, open int: 340, implied vol: ~92%, prev day implied vol: 61%). We noted activity in the Weekly Jun29 3.5 calls yesterday (see 6/20 13:23 OPTNX). Co is expected to report earnings late July.
• INTC Jun 31 calls (volume: 14.6K, open int: 19.4K, implied vol: ~36%, prev day implied vol: 33%). Co is expected to report earnings late July.
  
• PLTR Jun 24.5 calls are seeing interest with the underlying stock down 7% (volume: 14.8K, open int: 11.2K, implied vol: ~41%, prev day implied vol: 39%). Stock was  downgraded to Sell from Neutral at Monness Crespi & Hardt; tgt $20. Co is expected to report earnings early August.

Bearish Put Activity:

• CVNA Sep 75 puts (volume: 25.1K, open int: 510, implied vol: ~65%, prev day implied vol: 55%). 25K traded in a single transaction. Co is expected to report earnings early August.
  
• SMCI Jun 850 puts (volume: 4570, open int: 3710, implied vol: ~78%, prev day implied vol: 73%). Co is expected to report earnings early August.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.87, VIX: (13.07, -0.21, -1.6%).
Today is options expiration -- the last day to trade June equity options.

-=Palantir Technologies (PLTR) reported earnings on Mon 5 Feb 24 (a/h)

 

Palantir Technologies reports EPS in-line, revs in-line; guides Q1 revs below consensus; guides FY24 revs above consensus 

• Reports Q4 (Dec) earnings of $0.08 per share, excluding non-recurring items, in-line with the FactSet Consensus of $0.08; revenues rose 19.6% year/year to $608.35 mln vs the $602.88 mln FactSet Consensus.
• Co issues downside guidance for Q1, sees Q1 revs of $612-616 mln vs. $617.44 mln FactSet Consensus.
• Co issues upside guidance for FY24, sees FY24 revs of $2.652-2.668 bln vs. $2.64 bln FactSet Consensus.

Earnings this week : Feb 5 - 9, 24 (wk 6)

Monday (Feb 5)

• Morning: AMG APD ALGT CAT CNA EL IDXX MCD NSSC ON SPHR TKR TSN
• Afternoon: ACM AMKR BRBR CBT CHX CHGG COHR CCK FN FMC GBDC HI JJSF KFRC KRC NXPI PLTR  RMBS SPG SSD SKY SYM VRNS VRTX

Tuesday (Feb 6)

• Morning: AGCO AME ARMK ARCB ATHM BP CARR CNC CRNC CHKP CTS CMI DCPH DD LLY ENR FSV FI ULCC IT GEHC HLNE HTZ HIMX INGR J KKR LEA LIN MSGS NJR NVT PJT PDS PINC SCSC ST SPR SPOT TW VVV WAT WFRD WTW XYL
• Afternoon: ATEN AEIS AB AOSL DOX AFG AMGN ARWR AZPN AIZ ATO AZEK CSL CMG CINF CRUS CNO CTSH DHT DIOD DEI ELF EW ENPH EQH ESS EXEL F FTNT FRSH GILD HRB HIW ICHR IEX INSP INTA JKHY KD LUMN MRCY MSTR MODN NBR OI OMC PRU QGEN REXR SIMO SNAP SONO TENB UDR VFC VREX VLTO VSAT VOYA WERN WU YUMC ZWS

Wednesday (Feb 7)

• Morning: ADNT BABA ARCC BERY BG CG CDW CRTO CVS DAY EPC EMR EEFT FOXA GPRE GFF HAIN HLT KMT MAC MSGE MCFT NBIX NYT OMF PAG PFGC PERI RDWR REYN RITM RBLX SMG SLAB TGI TTMI VSH XPO YUM
• Afternoon: ALL ARM ASGN ACLS AZTA BKH CFLT CPA CXW COTY CUZ CSGS EGP EHC ENS NVST EFX EG FAF FR FLT FLNC FORM GL GPRO HMN KN MAT MMS MCK MAA MKSI MC MOH MPWR MUSA NFG NTGR NWSA ORLY OHI OSCR PAYC PYCR PYPL PDM QNST RDN RPD RRR RRX STE STC SU TTGT UBER VKTX DIS WYNN

Thursday (Feb 8)

• Morning: WMS APO MT ARES ARW ABG AZN AXTA BAX BCE BDC BTU BWA CIGI COP CYBR DTE DUK DT GTES HAE HOG HSY NSP ICE IPG ITT K KVUE KIM LSPD LNC LITE MAS MDU NNN PATK PM PBH RL RBC RXO SPGI SNA SWI SPB SAVE TROW TPX TPR THC TDG UAA WMG WEX ZBH
• Afternoon: AFRM ATR BAP BILL BYD CDP CLSK CPRI DOCS DXCM ESE EXPE FE FLO G ILMN LEG MHK MSI MTD MWA NET OMCL ONTO OWL PCTY PEAK PECO PI PINS POWI PRO RAMP REG SPSC STEP SYNA TEX TFII TTWO VRSN

Friday (Feb 9)

• Morning: AMCX CTLT ROAD EMBC ESNT MGA COOP NWL PEP PAA PRLB SXT WPC

Unusual Options Activity Fri 8/25/23

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:

⦁ KHC Weekly Aug25 34 calls (volume: 12.9K, open int: 300, implied vol: ~30%, prev day implied vol: 20%). 1240 contracts traded in a single transaction. Co is expected to report earnings early November.

⦁ ALKS Nov 29 calls (volume: 1510, open int: 0, implied vol: ~48%, prev day implied vol: 39%). 1500 contracts traded in a single transaction. Sarissa Capital lowers active stake to 4.997% following the sale of more than 5.7 min shares (7/27-8/24 transaction dates). Co is expected to report earnings late October.

Bearish Put Activity:

⦁ PLTR  Weekly Aug25 14 puts (volume: 35.0K, open int: 23.8K, implied vol: ~125%, prev day implied vol: 72%). 1900 contracts traded in a single transaction. Co is expected to report earnings early November,

⦁ SPWR Weekly Aug25 7 puts (volume: 3870, open int: 620, implied vol: ~102%, prev day implied vol: 74%). Co is expected to report earnings early November.

⦁ SPWH Sep 5 puts (volume: 2200, open int: 210, implied vol: ~62%, prev day implied vol: 51%). Co is confirmed to report earnings September 6 before the open.

Sentiment: The CBOE Put/Call ratio is currently: 1.12, VIX: (16.17, -1.03, -6.0%).

September 15 is options expiration -- the last day to trade September equity options.

-=Palantir Technologies (PLTR) reported earnings on Mon 9 May 22 (b/o)

 

Palantir Technologies misses by $0.02, reports revs in-line; guides Q2 revs below consensus

• Reports Q1 (Mar) earnings of $0.02 per share, $0.02 worse than the S&P Capital IQ Consensus of $0.04; revenues rose 30.8% year/year to $446.36 mln vs the $443.51 mln S&P Capital IQ Consensus.
• Co issues downside guidance for Q2, sees Q2 revs of $470 mln vs. $483.76 mln S&P Capital IQ Consensus.
  • Expects adjusted operating margin of 20%.
• For FY22 expects adj. operating margin of 27%.
• Continues to expect annual revenue growth of 30% of greater through 2025.

Earnings this week : May 9 - 13, 22 (wk 19)

Monday (May 9)

• Morning:  ACM AZUL BNTX CLVT COTY DUK ELAN ENR HSKA DINO HGV HEP JLL RIDE MAC MSGE PLTR RCM RDNT TGNA TWKS THS TSN VTRS WOW
• Afternoon: DDD AMC AMWL ANGI AZTA BLI BLNK BHF BWXT CARG DHT DNB EQH ESE EVBG FGEN GDRX GRPN HLIO HRTX HI HIMS HBM ICUI IAC IFF JRVR FROG LPSN MGY MAXR MESA MCHP MRC NCMI NHI NVAX OPK OPRT PLUG PRAA PRIM PRA PUBM RNG RBA ROVR SWAV SPG SDC SU SUPN TASK TDUP TREX UNVR UPST VVV VECO VRM XPO YMAB ZNGA

Tuesday (May 10)

• Morning: MASS ACRS AHCO ALGM AMRS ARMK AVYA AZEK BHC BSY BCO BLDR CRNC CEVA CHH CRON XRAY DM DBD DSEY EBIX EPC ENOV EVRI FOXA HAE HL H IAA IIVI IGT ITCI KNBE LCII LI MBUU MIDD EYE NXST NCLH NOVT PTON PLNT RETA REYN STER STVN SYY TTGT TPG TDG VERX WMG
• During Market Hours: ENTA
• Afternoon:  EGHT AKA ABCL BIRD ARLO ARRY AXON BOOT BRP ELY CELH COIN COLL CRCT CUTR DAR MSP DV DOUG EA EOLS EXEL FNF FLYW GFS GMED GOCO GO GRWG HALO HCAT ICHR INO IPAR JXN JAMF KGC LNW MTTR MODN NSTG OXY OLO OSUR PLBY PRPL RXT RPAY RBLX RKT SCSC SOFI SWCH SKIN REAL TTD U VUZI WELL WES WYNN YELL ZETA ZD

Wednesday (May 11)

• Morning:  ATC FVRR KRNT DNUT LTH NOMD OLPX PFGC PRGO SLVM WEN WWW YETI
• Afternoon:  DIBS ACVA DOX APP ATCO BYND BMBL CPA CPNG BROS FLNC MFC MQ PAAS RIVN SMRT SONO STE SLF COOK DIS ZIP

Thursday (May 12)

• Morning: CAMT CYBR CYXT DAVA GENI HIMX HLLY IS KELYA NABL NICE NVMI PGTI PRMW SHCR SIX DTC SQSP TPR TNK USFD UTZ
• Afternoon:  AFRM AQN BLND BRLT COMP LAW DUOL FIGS HRT INDI LZ MLNK MSI NVTS NEWR PAYO POSH TBLA TOST VZIO VTEX UP

Friday (May 13)  

• Morning:  PLXP