Serve Robotics (SERV, Financial) has experienced a notable increase in bullish options trading activity. A total of 8,729 call options have been traded, which is four times the anticipated volume. This surge has led to implied volatility for the stock climbing by almost 7 points, reaching 118.38%.
The most traded options are the weekly 7.5 calls for May 2nd and the weekly 6.5 calls for April 25th, with these specific strikes contributing to nearly 3,700 contracts in volume. The current Put/Call Ratio stands at 0.29, indicating a stronger preference for call options among traders.
Market participants are closely watching these developments as Serve Robotics is scheduled to announce its earnings on May 8th, which could further influence the stock's performance and volatility in the near term.
