Bullish option flow detected in Cloudflare with 8,480 calls trading, 1.7x expected, and implied vol increasing over 1 point to 87.65%. Feb-23 55 calls and 1/27 weekly 50 calls are the most active options, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 0.45. Earnings are expected on February 9th.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on NET:
- Cloudflare call volume above normal and directionally bullish
- Cantor Fitzgerald software analysts to hold an analyst/industry conference call
- Cloudflare appoints Winslow as VP of Strategic Finance, Treasury, IR
- Cloudflare downgraded to Sell from Neutral at Guggenheim
- Cloudflare price target lowered to $46 from $58 at Piper Sandler
