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
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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.

 

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