Unusual options activity has been observed in NEWSMAX (NMAX, Financial) as the stock experiences significant bearish sentiment. A total of 2,200 put options have been traded, which is three times the expected volume. The most active contracts include the weekly 20 puts expiring on June 6 and the weekly 22 puts expiring on May 30, with their combined volume approaching 880 contracts.
The Put/Call Ratio stands at 1.78, indicating a higher preference for puts over calls, while the at-the-money implied volatility is up by more than four points. Investors will be watching closely with NMAX's earnings report scheduled for release on August 7th.
