Bullish option flow detected in Luminar (LAZR) Technologies with 19,473 calls trading, 3x expected, and implied vol increasing over 1 point to 122.78%. 3/28 weekly 6.5 calls and 3/28 weekly 6 puts are the most active options, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 0.38. Earnings are expected on May 6th.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LAZR:
- Why Luminar Technologies Stock (LAZR) Is Surging Today
- Luminar, Caterpillar collaborate on industrial autonomous solution
- Largest borrow rate increases among liquid names
- Sell Rating for Luminar Technologies Amidst Modest Growth and Financial Challenges
- Luminar price target lowered to $4.50 from $5 at BofA