AstraZeneca Sees Bullish Option Flow
Marketradar has detected a bullish option flow in AstraZeneca (AZN), with 6,710 calls trading and a Put/Call Ratio of 0.17. The most active options are Mar-25 72.5 calls and 1/10 weekly 67 calls, with total volume near 5,400 contracts.
Implied Volatility Increases
Implied volatility in AZN has increased significantly, almost reaching 24.02%. This suggests that traders are becoming more confident in the stock’s potential for price movement.
Earnings on the Horizon
Earnings from AstraZeneca are expected on February 6th, which may contribute to the bullish sentiment surrounding the stock.
Analysis and Insights
The recent increase in implied volatility and the high volume of options trading suggest that traders are expecting significant price movements in AZN. However, it is essential to consider other market factors and fundamental analysis before making any investment decisions.
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