Bullish option flow detected in Weight Watchers with 7,613 calls trading, 2x expected, and implied vol increasing over 1 point to 115.59%. Jan-24 5 calls and Sep-23 15 calls are the most active options, with total volume in those strikes near 6,300 contracts. The Put/Call Ratio is 0.10. Earnings are expected on August 3rd.
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Read More on WW:
- Target downgraded, Spotify upgraded: Wall Street’s top analyst calls
- Morgan Stanley upgrades ‘undervalued turnaround story’ WW to Overweight
- WW upgraded to Overweight from Equal Weight at Morgan Stanley
- Weight Watchers call volume above normal and directionally bullish
- WW price target raised to $11 from $10 at DA Davidson
