Options Bulls Blast Moderna Stock on Vaccine Tailwinds

A late-stage trial of Moderna's flu shot induced a strong immune response

Digital Content Manager
Sep 13, 2023 at 10:41 AM
facebook X logo linkedin

Moderna Inc (NASDAQ:MRNA) stock is up 6.5% to trade at $112.09 at last check, after a late-stage trial of its flu vaccine induced a stronger immune response against all four A and B strains of the virus in comparison to other flu shots. Plus, the Centers for Disease Control and Prevention (CDC) yesterday recommended broader use of its updated Covid-19 shot.

The 80-day moving average has kept a tight lid on the shares for most of the year, while the $120 region recently emerged as another ceiling. The security is fresh off an Aug. 16, three-year low of $95.02, and has shed 38.1% so far this year.

Nevertheless, short-term options traders are firmly bullish. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity sports a 50-day call/put volume ratio of 1.66, which sits higher than 80% of readings from the past 12 months.

Drilling down to today's options activity, 28,000 calls have crossed the tape, which is five times the intraday average, compared to 8,623 puts. Most popular is the September 115 call, with positions opening there.

Now looks like an opportune time to bet on Moderna stock's next moves with options, per its Schaeffer's Volatility Index (SVI) of 44% that sits higher than just 12% of readings from the last year. In other words, these traders are currently pricing low volatility expectations.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI