Bullish option flow detected in Virgin Galactic with 20,089 calls trading, 4x expected, and implied vol increasing over 5 points to 113.57%. 2/24 weekly 7 calls and Feb-23 6.5 calls are the most active options, with total volume in those strikes near 7,500 contracts. The Put/Call Ratio is 0.09. Earnings are expected on February 28th.
Published first on TheFly
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