Feb. 3 at 11:36 PM
$GOOG The Put-Call volume ratio is a bullish 0.44, meaning for every 10 puts being traded, there are over 22 calls.
Strike Wall (
$350): There is massive "Open Interest" (unfilled contracts) at the
$350 strike. If Google moves above
$350, market makers who sold those calls will be forced to buy the underlying stock to hedge their positions, potentially fueling a "gamma squeeze" that accelerates the price higher.
Implied Volatility (IV): IV is currently elevated at the 86th percentile. This means options are expensive, reflecting the market’s expectation of a sharp move (up or down) following the February 4th earnings.