A significant increase in bullish options flow has been observed in Johnson Controls (JCI, Financial), with calls trading at three times the typical volume, totaling 6,477 contracts. This activity has led to a rise in implied volatility, which climbed over 2 percentage points to reach 42.36%.
The most active options include the May 2025 $85 calls and the June 2025 $82.50 calls, together accounting for about 4,400 contracts. This surge indicates considerable interest in these specific options.
The Put/Call Ratio has dropped to 0.06, showing a strong preference for call options over puts among investors. Market participants are likely positioning ahead of the company's upcoming earnings report, scheduled for May 7th.
