Bullish option flow detected in Rumble (RUM) with 33,189 calls trading, 12x expected, and implied vol increasing almost 100 points to 191.03%. Jan-25 10 calls and 12/27 weekly 9.5 puts are the most active options, with total volume in those strikes near 6,600 contracts. The Put/Call Ratio is 0.33. Earnings are expected on March 26th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RUM:
- Rumble Stock Rockets on $775M Tether Investment
- Oppenheimer says Tether investment alleviates concerns over Rumble liquidity
- Morning Movers: Despegar surges following deal to be acquired by Prosus
- Rumble announces $775M strategic investment from Tether
- Rumble up 15% at $8.25 after announcing Tether investment