Q2 STOCKS TO BUY

AstraZeneca Stock Creeps Higher on Covid-19 Vaccine Update

Options traders have been much more bullish than usual of late

Deputy Editor
Sep 30, 2021 at 10:47 AM
facebook X logo linkedin


AstraZeneca PLC (NASDAQ:AZN) is in the spotlight today, after a large U.S. trial showed the drugmaker's Covid-19 vaccine demonstrated 74% efficacy in prevent symptomatic disease. That figure increased to 83.5% in individuals aged 65 and older. In response, AstraZeneca plans to file for U.S. Food and Drug Administration (FDA) approval later this year.

AstraZeneca stock was last seen up 1.1% to trade at $60.32. The equity has been volatile as of late, rallying to a Sept. 24, annual high of $61.29, which was preceded by a steep dip that the ascending 150-day moving average was able to capture. Year-to-date, the equity is up 20.5%.  

The options pits are flashing a penchant for bullish bets. This is per AstraZeneca stock's 10-day call/put volume ratio of 10.21 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio sits higher than 94% of readings from the past year, showing puts being picked up at a much faster-than-usual rate. 

Speculating on the security's next move with options could be a prudent play. The stock's Schaeffer's Volatility Index (SVI) of 23% stands higher than 23% of all other readings in its annual range, implying that options players are pricing in low volatility expectations at the moment. 

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter