Bullish option flow detected in Virgin Galactic with 10,320 calls trading, 2x expected, and implied vol increasing almost 21 points to 94.66%. 12/9 weekly 6 calls and 12/9 weekly 5.5 calls are the most active options, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 0.23. Earnings are expected on February 21st.
Published first on TheFly
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