Unusual Options Activity Fri 4/12/24

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:

• MRSN Aug 5 calls (volume: 3550, open int: 0, implied vol: ~180%, prev day implied vol: 138%). Co is expected to report earnings early May.
• CDE Apr 5.5 calls (volume: 9130, open int: 160, implied vol: ~109%, prev day implied vol: 81%). 7250 contracts traded in a single transaction. Co is confirmed to report earnings May 1 before the open.
• RIG Jun 5 calls (volume: 6020, open int: 10, implied vol: ~71%, prev day implied vol: 64%). 1950 contracts traded in a single transaction. Co is confirmed to report earnings April 29 before the open.

Bearish Put Activity:

• APLD Apr 4 puts are seeing interest with the underlying stock down 7% (volume: 7000, open int: 700, implied vol: ~250%, prev day implied vol: 177%). Co reported earnings last night.
• TEVA Apr 12.5 puts are seeing interest with the underlying stock down 5% (volume: 7020, open int: 0, implied vol: ~44%, prev day implied vol: 34%). 1350 contracts traded in a single transaction. Co is confirmed to report earnings May 8 before the open.

Sentiment: The CBOE Put/Call ratio is currently: 0.98, VIX: (18.62, +3.71, +24.8%).
April 19 is options expiration -- the last day to trade April equity options.

This week's biggest % winners & losers : Feb 28 - Mar 4, 2022 (wk 9)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: RYTM (9.25 +24.5%), RETA (31.99 +22.43%)
• Materials: IPI (69.58 +34.09%), HMY (5.11 +28.59%), CENX (29.45 +28.15%), SXC (9.74 +24.33%)
• Industrials: MRCY (69.64 +22.41%)
• Financials: FHN (23.68 +29.73%)
• Energy: KLXE (10.25 +66.38%), BTU (26.5 +65.52%), NINE (1.74 +58.18%), OXY (55.95 +44.42%), REGI (60.94 +39.1%), ARCH (149.67 +28.41%), RIG (4.18 +25.38%), KOS (5.61 +24.56%), PDCE (70.43 +23.76%), SM (39.86 +22.38%)
• Consumer Staples: KR (58.6 +26.12%)

This week's top % losers

• Healthcare: KPTI (5.96 -43.18%), AUPH (10.7 -34.11%), ATRA (8.77 -33.51%), NTLA (65.14 -32.4%), HRTX (5.27 -30.26%), ENDP (2.31 -29.08%), LXRX (2.13 -25.26%)
• Consumer Discretionary: CVNA (103.92 -31.89%), FTCH (14.7 -29.76%), GRPN (16.95 -26.24%), ANF (28.7 -26.07%)
• Information Technology: EPAM (198.02 -48.22%), AMBA (87.55 -37.18%)
• Financials: GSHD (64.77 -26.98%), DB (9.86 -26.67%), EHTH (11.36 -25.7%), ING (9.62 -25.19%)

=Transocean (RIG) reported earnings on Thur 23 Feb 17 (b/o)

Transocean beats by $0.58, beats on revs :

• Reports Q4 (Dec) earnings of $0.63 per share, excluding $13 million of net unfavorable items, $0.58 better than the Capital IQ Consensus of $0.05; revenues fell 47.4% year/year to $974 mln vs the $806.53 mln Capital IQ Consensus.
• Revenue efficiency was 100.3%, compared with 100.7% in the third quarter of 2016
• Contract backlog was $11.3 billion as of the February 2017 Fleet Status Report.
• Co's commentary on outlook: 
  • "Looking forward, improving market fundamentals along with a steady flow of customer inquiries are increasing our confidence that the offshore drilling market trough is near."