Rubrik Inc (NYSE:RBRK) stock is soaring today, last seen up 24.6% at $87.82, after the cloud data management company reported better-than-expected third-quarter earnings and revenue and trimmed its full-year loss forecast. No fewer than four analysts lifted their price targets after the event.

Gapping above recent pressure at the 30-day moving average, RBRK is trading at its highest levels since mid-September as it heads for its best daily percentage gain since March 14. Since the start of the year, the equity is up 34.2%. 

Some of today's price action could be attributed to short covering, as short interest represents 9% of RBRK's available float. It would take shorts nearly four days to cover, at the stock's average pace of trading. 

Options traders are chiming in as expected, with 27,000 calls and 13,000 puts exchanged so far -- 14 times the average daily amount already. The weekly 12/5 77.50-strike put is the most popular, with new positions being sold to open there. 

Urban Outfitters Inc (NASDAQ:URBN) stock enjoyed a 13.5% pop after the apparel retailer's most recent earnings report, going on to hit its highest level since August last session. The security already boasts a 40.8% lead for 2025, but a historically bullish signal indicates it may have even more room to run.

The equity's recent peak comes amid low implied volatility (IV), per its Schaeffer's Volatility Index (SVI) of 37%, which ranks in the 14th percentile of its annual range. This has occurred six other times over the last five years, after which the security was was higher one month later 67% of the time, averaging a 5.8% pop. Last seen down 2.5% to trade at $77.22, a similar move from its current perch would place URBN back above $81.

An unwinding of pessimism could push URBN even higher. Of the 11 brokerage firms covering the stock, six still carry a tepid "hold" rating. Plus, short interest accounts for 14.8% of the stock's available float.

Options traders have been much more bearish than usual, too, per the stock's 50-day put/call volume ratio of 4.25 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 98% of annual readings. Should these bears change their mind, it could provide even more momentum.

Computer hardware stock Pure Storage Inc (NYSE:PSTG) is 1.5% higher to trade at $69.90 this afternoon, attempting to pare back some of its post-earnings bear gap, which sent it 27.3% lower yesterday. While not the first post-earnings selloff the shares have suffered, it comes just weeks after a Nov. 3. record high of $100.59. There is no reason to panic, however, as a historic bull signal just began flashing.

Per Schaeffer's Senior Quantitative Analyst Rocky White, the stock is within 3% of the 12-month moving average, after remaining above it for the last five months. This signal has occurred five other times in the past two decades, after which the stock was higher one month later 80% of the time with an average 7% gain. A move of similar magnitude would put the shares back above $74 by the start of 2026.

Meanwhile, short interest is on the rise, up 40.9% during the past two reporting periods. The 9.29 million shares account for 3% of the stock’s available float, or nearly three days' worth of pent-up buying power.

Options look like the affordable way to go, too. This is per the stock's Schaeffer's Volatility Index (SVI) of 55% that stands higher than 31% of all other readings from the past year, implying near-term option traders are pricing in relatively low volatility expectations.

What's more, PSTG's Schaeffer's Volatility Scorecard (SVS) checks in at 86 out of 100. In other words, the security has consistently realized higher-than-anticipated volatility over the past 12 months.

Discount retailers Dollar General Corp (NYSE:DG) and Five Below Inc (NASDAQ:FIVE) are both fresh out of the earnings confessional this morning.

Dollar General posted better-than-expected third-quarter earnings of $1.28 per share, driven by strong operating margins, and lifted its full-year earnings guidance. 

Dollar General stock was last seen up 10.5% at $121.44, trading at its highest levels since August 2024 after breaking above former resistance at the $116 level. For 2025, the equity is sporting a roughly 58% lead.

Over in the options pits, DG has seen 14,000 calls and 7,561 puts exchanged, already 10 times the average daily options volume. The weekly 12/5 120-strike call is the most popular, with new positions opening there. 

Five Below also lifted its profit and revenue forecasts, while third-quarter results handily beat expectations. The company's profits of 68 cents per share more than tripled analyst estimates.

FIVE has pulled back from its sharp early morning gains, last seen down $1.2% at $161.21. The stock is brushing off no fewer than 12 price-target hikes after its upbeat report, finding resistance at the $168 level, which also capped a surge to annual highs in late October. 

So far today, FIVE has seen 3,367 calls and 1,628 puts exchanged, five times the volume typically seen at this point. The December 175 call is the most popular, followed by the 160 call in the same series.