Bullish option flow detected in Virgin Galactic (SPCE) with 15,028 calls trading, 2x expected, and implied vol increasing almost 10 points to 89.98%. Jan-25 7 calls and 1/3 weekly 7 calls are the most active options, with total volume in those strikes near 4,800 contracts. The Put/Call Ratio is 0.10. Earnings are expected on February 25th.
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Read More on SPCE:
- Virgin Galactic call volume above normal and directionally bullish
- Largest borrow rate increases among liquid names
- Unusually active option classes on open November 13th
- Virgin Galactic rises 23.0%
- Virgin Galactic price target lowered to $41 from $47 at Goldman Sachs
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
