Bullish option flow detected in Enovix with 12,817 calls trading, 3x expected, and implied vol increasing over 4 points to 75.80%. Apr-24 17 calls and Apr-24 9 calls are the most active options, with total volume in those strikes near 7,800 contracts. The Put/Call Ratio is 0.25. Earnings are expected on February 28th.
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- Enovix call volume above normal and directionally bullish
- Enovix put volume heavy and directionally bearish
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