Eastman Kodak Company (KODK, Financial) is experiencing a notable uptick in trading activity, particularly in the options market. Investors have traded 8,352 call options, which is three times the usual volume for the stock. This heightened interest has driven the implied volatility up by over two points to 84.22%.
Among the options, the May 2025 and April 2025 7.5 strike calls are garnering significant attention, with nearly 3,700 contracts exchanged. This indicates a bullish sentiment among investors who are likely anticipating upward movement in Kodak's stock price.
The current Put/Call Ratio stands at a low 0.02, underlining the dominance of bullish call options over bearish puts. This ratio further suggests that traders are overwhelmingly betting on the stock's upward trajectory. Investors are eyeing Kodak's upcoming earnings report, scheduled for May 8th, as a potential catalyst for these market movements.
