Unusual Options Activity
3
MIN READ

Unusual Options Activity in Trending Stocks - 5/2 Report

5/2/22 Flow Report for $COIN & $CFLT

$COIN Flow Report via TitanFlow

Unusual Options Activity

Bearish Unusual Options Activity was detected in $COIN puts on Friday, a trend we have seen in $COIN over the past month as the stock has dropped nearly 50% during that timeframe. $COIN is set to report earnings after hours on May 10th.

VOL > OI in the 5/20 $116 puts finished Friday at 2416 > 47. Overall, there appears to be clear downside sentiment across the market.

OTM contract Strikes indicate short term volatility sentiment.

Expiration in most of the $COIN unusual options activity suggests a continued downside trend at least heading into earnings. There are 7 more trading sessions before $COIN announces earnings.

Hottest Contract

The 5/20 $116 puts had by far the most volume on Friday, although the contract has become a bit pricey as it closed the day with an $11.30 - $12.10 bid-ask spread. With IV running higher as we move toward earning, the most cost effective play may be in a put debit spread.

Call vs. Put Activity

The put/call ratio of 6.38 gives us nothing but added confirmation to seller sentiment

$COIN Hourly Chart

Technical Analysis

The 20 day SMA has acted as a strong level up resistance during the current one month downtrend. A push back up into this indicator could offer the best opportunity for a reversal before making a push to lower lows. $COIN is in uncharted territory, with every new low in the current downtrend setting a new all-time low.

$CFLT Flow Report via TitanFlow

Unusual Options Activity

Bearish Unusual Options Activity was detected in $CFLT puts on Friday, a trend we have seen in $CFLT over the past month as the stock has dropped nearly 33% during that timeframe. $CFLT is set to report earnings after hours on May 5th.

VOL > OI in the 5/20 $30 puts finished Friday at 3206 > 349. Overall, there appears to be clear downside sentiment across the market.

OTM contract Strikes indicate short term volatility sentiment.

Expiration in $CFLT unusual options activity is difficult to gauge since the options chain does not offer weekly contracts.

Hottest Contract

The 5/20 $30 puts had by far the most volume on Friday. Like we mentioned with $COIN, the best opportunity here could be in put debit spreads with earnings set to report AH this Thursday.

Call vs. Put Activity

The put/call ratio of 8.98 gives us nothing but added confirmation to seller sentiment.

$CFLT Hourly Chart

Technical Analysis

$CFLT's most recent downside was triggered by breakdown of consolidation along the hourly 20 day SMA. Look for a retest of this indicator for potential reversal opportunity.

Download TitanFlow and start a free 7 day trial to access real time mobile Options Flow & Darkpool Data