Bullish option flow detected in Enovix (ENVX) with 10,409 calls trading, 1.5x expected, and implied vol increasing almost 4 points to 89.79%. 1/3 weekly 8 calls and Jan-25 10 calls are the most active options, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 0.48. Earnings are expected on February 18th.
Enovix call volume above normal and directionally bullish
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