Angie's List, Inc. (ANGI) Options Hot as Stock Soars

Angie's List Inc (ANGI) traders think the post-earnings rally has legs

Feb 18, 2015 at 2:00 PM

ANGI

Angie's List Inc (NASDAQ:ANGI) is breaking tradition today, with the stock enjoying a serious post-earnings rally. At last check, ANGI has added 47.9% to flirt with $7.23, and option bulls are gambling on more upside through the end of the week.

Overall option volume is running at 39 times the average afternoon clip, though calls have more than doubled puts thus far. Digging deeper, it looks like some speculators are buying to open the now near-the-money February 7.50 call, amid hopes for ANGI to muscle north of the strike by Friday's close, when front-month options expire. ANGI topped out at $7.65 earlier today.

Even before today's earnings-inspired surge, call buying was par for the course for Angie's List Inc (NASDAQ:ANGI). On the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 10-day call/put volume ratio of 4.10 stands higher than 83% of all other readings from the past year. As such, the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.35 sits 6 percentage points from an annual low, implying that near-term traders have rarely been more call-heavy.

Follow @Schaeffers

The $25K Day Trading Barrier is Gone

The long-standing Pattern Day Trader (PDT) rule that required many traders to maintain a $25,000 account balance is no longer standing in the way.

That means more traders can actively pursue short-term opportunities without the barrier that kept so many on the sidelines.

Now it's all about having the right strategy.

Dynamite Day Trading Signals helps you hit the ground running with up 2 options trade alerts per week, built to capture fast-moving opportunities.

👉 Sign up now to receive the next trade