The company beat top- and bottom-line expectations for the fiscal fourth quarter
Korn Ferry (NYSE:KFY) shares are up 8.8% to trade at $72.64 at last glance, after the company reported better-than-expected earnings and revenue for the fiscal fourth quarter.
The security is today breaking above resistance at $72 -- which emerged in January -- and earlier hit its highest level since early December. KFY is also on track for its biggest single-day percentage pop since November, and thanks to today's gains, sports a 7.9% year-to-date lead.
The stock's typically quiet options pits are seeing 43 times the intraday average volume. The most popular contract is the June 75 call, followed by the 75 put in that series, with positions being opened at both.
Short-term options traders have been much more bearish than usual. This is per the stock's Schaeffer's put/call open interest ratio (SOIR) of 1.53, which ranks in the 99th percentile of annual readings.