21Vianet Sees Surge in Bullish Options Trading with Implied Volatility at 94.29%

21Vianet (VNET) has seen a surge in bullish options trading, with 16,444 call contracts changing hands, four times the usual volume. Implied volatility has increased to 94.29%. Analysts forecast an average target price of $12.37, implying a 57.71% upside from the current price. The company's earnings report is expected on August 26th.

21Vianet (VNET) has experienced a significant surge in bullish options trading, with 16,444 call contracts changing hands, quadrupling the usual volume. This heightened activity is accompanied by an increase in implied volatility, which has climbed to 94.29% [1]. The most actively traded options include the September 25th calls at a strike price of $9 and the July 25th calls at $8, with these two strikes alone accounting for nearly 9,300 contracts [1]. The Put/Call Ratio stands at a low 0.04, indicating a strong preference for calls over puts [1].

Analysts have forecasted an average target price of $12.37 for VNET, implying a potential 57.71% upside from the current price [3]. This optimism is likely driven by the company's upcoming earnings report, scheduled for August 26th [1]. The increased call activity and high implied volatility suggest that investors are anticipating positive news from the earnings report.

The surge in options trading and the high implied volatility indicate that investors are bullish on VNET's prospects. The company's earnings report will be closely watched to see if the market's optimism is justified. Investors should remain vigilant and monitor the company's performance closely as the earnings date approaches.

References:
[1] https://www.tipranks.com/news/the-fly/21vianet-call-volume-above-normal-and-directionally-bullish-thefly-2
[2] https://cryptorank.io/news/feed/2956f-bbva-bitcoin-ethereum-trading-launch
[3] https://www.gurufocus.com/news/2964930/vnet-option-activity-surges-with-increased-call-trading-vnet-stock-news?mobile=true