Yext Options Volume Pops After FAANG Partnership

Yext will provide answers about local businesses for Amazon's Alexa

Jul 25, 2018 at 2:30 PM
facebook X logo linkedin

The shares of online business listing service Yext Inc (NYSE:YEXT) are skyrocketing to new heights today, after the company announced a partnership with FAANG member Amazon (AMZN). Specifically, the Yext Knowledge Engine will be integrated into Amazon's Alexa, allowing consumers to get info on the location, hours of operation, and more of local businesses. "Today is a quantum leap forward in Yext's mission," said the firm's founder and CEO, Howard Lerman. Against this backdrop, YEXT options are flying off the shelves today.

At last check, YEXT shares were up 18.8% to trade at $22.50, after earlier notching an all-time high of $22.86. The stock is easily on pace for its best session ever, and a close above $22 would be double its April 2017 initial public offering (IPO) price of $11 per share, and more than double its early February record low of $10.60.

YEXT stock chart july 25

So far today, more than 2,100 calls and 300 YEXT puts have changed hands -- 10 times and 47 times the average intraday volume, respectively. In fact, volume is pacing for an annual high across the board.

Most active is the now in-the-money August 20 call, with more than 1,000 contracts traded. Buyers of these calls are expecting Yext stock to extend its journey north of $20 over the next month. Meanwhile, it seems even more ambitious traders may be buying to open the August 22.50 call -- the second-most active option on the day.

Short sellers may be running for cover, too. Short interest surged nearly 44% in the past two reporting periods, and now accounts for more than 10% of YEXT's total available float. At the stock's average pace of trading, it would take more than eight sessions to buy back these bearish bets.


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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI