Serve Robotics (SERV, Financial) is experiencing a notable increase in bullish sentiment as evidenced by significant option trading activity. A total of 5,874 call options have been traded, which is four times the usual amount. This heightened activity has pushed the implied volatility up by over one point, reaching 121.53%.
The options set to expire in May 2025 with a strike price of $7, along with the April 2025 options at a $6 strike, are particularly active. These two strikes alone have seen nearly 2,600 contracts exchanged. The current Put/Call Ratio stands at a low 0.14, indicating a strong bullish bias in the options market.
Investors are closely watching these developments as Serve Robotics is scheduled to report its earnings on May 6th. The elevated options activity suggests that traders are positioning themselves for potentially significant moves in the stock price as the earnings date approaches.
