A Bullish Option Flow Detected in AstraZeneca
AstraZeneca’s (AZN) stock is witnessing an increase in bullish sentiment, as reflected in the recent option flow data. The company’s stock price has seen a surge in call options trading, with 6,710 calls being traded so far. This represents a significant increase from the expected volume of 4,200 calls.
Implied Volatility on the Rise
The implied volatility for AstraZeneca’s stock has risen to 24.02%, which is almost a 4-point increase from the previous levels. This indicates that investors are becoming more optimistic about the company’s future performance.
Most Active Options
The most active options in terms of volume are the Mar-25 72.5 calls and the 1/10 weekly 67 calls, with total volume near 5,400 contracts. These options suggest that investors are betting on a potential price increase in AstraZeneca’s stock.
Put/Call Ratio
The put-call ratio for AstraZeneca is currently at 0.17, indicating that call options are dominating the market. This suggests that investors are more optimistic about the company’s prospects than pessimistic.
Earnings Expectations
AstraZeneca is expected to release its earnings on February 6th, which may provide further insight into the company’s performance and guidance for the future.
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