Bullish option flow detected in Confluent with 6,086 calls trading, 3x expected, and implied vol increasing almost 5 points to 76.98%. Aug-23 41 calls and Aug-23 40 calls are the most active options, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 0.14. Earnings are expected on August 2nd.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CFLT:
- Confluent call volume above normal and directionally bullish
- Customer, partner checks upbeat on MongoDB, says JMP Securities
- Confluent price target raised to $42 from $32 at DA Davidson
- Confluent initiated with a Peer Perform at Wolfe Research
- Confluent price target raised to $38 from $27 at Deutsche Bank