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Tuesday, March 12, 2024

Unusual Options Activity Tue 3/12/24

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:

  • GERN March 4 Calls (volume: 4279, open int: 86, implied vol: ~580%, prev day implied vol: 513%). Underlying stock is down 21% in today's session. Co is expected to report earnings early May.
  • BEKE March 16 Calls are seeing interest with the underlying stock up 11% (volume: 1388, open int: , implied vol: ~110%, prev day implied vol: 96%). Co reports earnings March 14 before market.

Bearish Put Activity:

  • QRTEA April 2 Puts are seeing interest with the underlying stock down 5% (volume: 1736, open int: 0, implied vol: ~185%, prev day implied vol: 111%).
  • EDR May 21 Puts (volume: 10000, open int: 0, implied vol: ~46%, prev day implied vol: 39%). Co is expected to report earnings early May.

Sentiment: The CBOE Put/Call ratio is currently: 1.03, VIX: (14.06, -1.16, -7.62%).
March 15 is options expiration -- the last day to trade March equity options.

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