Bullish option flow detected in Coherent with 6,207 calls trading, 4x expected, and implied vol increasing over 14 points to 54.39%. 6/7 weekly 80 calls and 6/7 weekly 65 puts are the most active options, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 0.38. Earnings are expected on August 13th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COHR:
- Coherent Appoints Jim Anderson as Chief Executive Officer
- Coherent Introduces High-Power Laser Sensor
- Coherent Announces Industry-First Specialty Optical Fiber for Coherent LiDAR & Cold Atom Trapping for Quantum Computing
- Coherent price target raised to $75 from $70 at JPMorgan
- Coherent Corp. Signals Stability with Unchanged Executive Trading Agreements in Q1 2024