Bullish option flow detected in Virgin Galactic (SPCE) with 17,808 calls trading, 6x expected, and implied vol increasing over 29 points to 116.88%. Nov-24 7.5 calls and Jan-25 10 calls are the most active options, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 0.15. Earnings are expected on February 25th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPCE:
- Virgin Galactic price target lowered to $41 from $47 at Goldman Sachs
- Virgin Galactic price target raised to $9 from $7 at TD Cowen
- Virgin Galactic Reports Q3 2024 Earnings and Progress
- Virgin Galactic announces at-the-market equity program for up to $300M
- Virgin Galactic reports Q3 EPS ($2.66), consensus ($4.09)