Bullish option flow detected in C4 Therapeutics with 3,971 calls trading, 1.0x expected, and implied vol increasing almost 33 points to 155.32%. 1/12 weekly 8.5 calls and Feb-24 8 calls are the most active options, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 0.31. Earnings are expected on February 22nd.
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Read More on CCCC:
- C4 Therapeutics Announces 2024 Priorities and Extended Cash Runway to Advance Portfolio of Targeted Protein Degradation Medicines
- C4 Therapeutics Announces Closing of $25 Million Equity Investment by Betta Pharmaceuticals
- C4 Therapeutics put volume heavy and directionally bearish
- Largest borrow rate increases among liquid names
- Unusually active option classes on open December 15th
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