Bullish option flow detected in Virgin Galactic with 7,791 calls trading, 1.4x expected, and implied vol increasing over 2 points to 112.41%. Feb-23 6.5 calls and 2/24 weekly 6 calls are the most active options, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 0.21. Earnings are expected on February 28th.
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Published first on TheFly
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