Bullish option flow detected in Virgin Galactic with 4,703 calls trading, 1.7x expected, and implied vol increasing almost 3 points to 148.42%. 7/26 weekly 8 calls and 7/26 weekly 7 calls are the most active options, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 0.14. Earnings are expected on July 30th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPCE:
- Virgin Galactic (SPCE): A Gamble on Commercial Space Flight
- Virgin Galactic price target lowered to $8 from $24 at Susquehanna
- Virgin Galactic completes new new manufacturing facility in Phoenix
- Virgin Galactic call volume above normal and directionally bullish
- Largest borrow rate increases among liquid names