UP Fintech Holding Ltd (TIGR, Financial) is experiencing a surge in bullish options trading, fueled by the exchange of 14,857 call options, marking a volume one times the anticipated level. This heightened activity has pushed the implied volatility up by nearly 9 percentage points, reaching 94.08%.
The most active options are the weekly 7.5 calls and 7 puts that expire on April 11, with these two strikes alone accounting for nearly 6,300 contracts. The activity indicates a predominately bullish sentiment, as reflected by the low Put/Call Ratio of 0.20.
Investors may be positioning ahead of the company's upcoming earnings report, scheduled for release on June 5th. This rise in options trading activity suggests heightened investor interest and potential market movements around the earnings announcement.
