Angi (ANGI) Surges 20% Intraday: What's Fueling the Volatility?

Summary
• Angi (ANGI) rockets 20.23% to $18.84, surging from $17.88 to $18.94
• Q2 earnings release and shareholder letter trigger immediate market reaction
• Options chain sees 27,344 contracts traded on 8/15 expirations

Angi Inc. (ANGI) is experiencing a seismic intraday move as its Q2 earnings release and shareholder letter catalyze a 20.23% surge. With the stock trading at $18.84—up from $15.67 at the previous close—investors are scrambling to decipher the implications of CEO Jeffrey Kip’s strategic updates and the company’s conference call scheduled for 8:30 a.m. ET. The stock’s sharp rally, coupled with elevated options activity, signals a pivotal moment for the Diversified Consumer Services sector.

Q2 Earnings Release and Conference Call Drive ANGI's Intraday Surge
Angi’s 20.23% intraday jump is directly tied to its Q2 earnings release and shareholder letter published on August 5, 2025. The company’s investor relations website now hosts a detailed letter from CEO Jeffrey Kip and CFO Andrew Russakoff, outlining financial results and strategic priorities. The scheduled conference call at 8:30 a.m. ET on August 6—just hours after the stock’s 15:28 ET surge—has intensified short-term volatility. While the letter’s content remains undisclosed, the timing aligns with the stock’s breakout above key resistance levels and a 12% post-earnings rally noted in prior headlines.

Diversified Consumer Services Sector Mixed as Angi Outperforms
Options and ETF Strategies for ANGI's Volatile Move: Key Plays and Technicals
• RSI: 44.28 (neutral) • MACD: 0.029 (bullish) • Bollinger Bands: $15.49–$17.19 (price above upper band) • 200D MA: $8.02 (far below) • Support/Resistance: $16.05–$1.83 (short-term key levels)

ANGI’s technicals suggest a continuation of its short-term bullish momentum, with the RSI hovering in neutral territory and the MACD hinting at positive divergence. The stock’s price has decisively broken above its 52-week high of $29.15, but current levels remain 37% below that peak. For options traders, the ANGI20250815C17.5 and ANGI20250815P17.5 contracts stand out:

• ANGI20250815C17.5 (Call): Strike $17.50, Expiry 8/15, IV 71.20%, Leverage 11.44%, Delta 0.7449, Theta -0.0876, Gamma 0.1453, Turnover 27,344
• ANGI20250815P17.5 (Put): Strike $17.50, Expiry 8/15, IV 81.04%, Leverage 40.78%, Delta -0.2762, Theta -0.0183, Gamma 0.1329, Turnover 46

The ANGI20250815C17.5 call offers high liquidity (27,344 turnover) and a delta near 0.75, ideal for capitalizing on a potential 5% upside to $19.78. A 5% move would yield a payoff of $2.28 per contract. The ANGI20250815P17.5 put, while less liquid, provides 40.78% leverage and a delta of -0.276, suitable for hedging downside risk. Both contracts exhibit strong gamma and moderate theta decay, making them responsive to price swings ahead of the 8/15 expiry. Aggressive bulls should consider ANGI20250815C17.5 into a breakout above $18.94.

Backtest Angi Stock Performance
Backtesting ANGI's performance after a 20% intraday surge reveals mixed results. While the 3-Day win rate is 45.05%, indicating a higher probability of positive returns in the short term, the longer-term performance deteriorates. The 10-Day win rate is 43.59% and the 30-Day win rate is 42.31%, suggesting that ANGI tends to underperform in the medium to long term following such a significant intraday increase. The average returns over these periods are negative, with a 3-Day return of -0.85%, a 10-Day return of -1.45%, and a 30-Day return of -3.66%. This indicates that although ANGI may experience a brief bounce following a 20% surge, it is likely to decline further in the following days.

Act Now: ANGI's Earnings Catalyst and Options Volatility Signal High-Reward Opportunities
ANGI’s 20.23% intraday surge is driven by its Q2 earnings release and the impending conference call, creating a high-conviction setup for short-term traders. The stock’s technicals—above its 200D MA and within 5% of its 52-week high—suggest a continuation of the rally, but caution is warranted given the 2.34% turnover rate. Sector peers like SERV (-3.17% intraday) highlight ANGI’s outperformance. Investors should monitor the 8:30 a.m. ET call for guidance on margins and growth initiatives. For a bullish bet, ANGI20250815C17.5 offers leverage and liquidity; for downside protection, the ANGI20250815P17.5 provides a hedge. Watch for a breakdown below $17.88 or a breakout above $18.94 to confirm the next move.