Activity in the options market suggests heightened investor interest in Kenvue Inc. (KVUE, Financial), with a significant uptick in call trading observed. A total of 22,105 call options have been traded, which is double the anticipated volume. This increased activity has pushed the implied volatility up by nearly 8 percentage points, reaching 65.75%.
The most notable trades include the Sep-25 24 calls and Sep-25 23 calls, both experiencing high levels of activity with a combined trading volume close to 21,600 contracts. This points to a strong bullish sentiment among traders, as reflected by the exceptionally low Put/Call Ratio of 0.01, indicating a predominance of call options relative to puts.
Investors and analysts will be keeping a close watch on Kenvue (KVUE, Financial) ahead of its upcoming earnings announcement expected on May 6th, as current options trading patterns may suggest market expectations for stock movements leading up to and following the earnings release.
