Forgent Power Solutions Inc (NYSE:FPS) stock is up 12.4% at $35.26 after the company reported record fiscal fourth-quarter results, including an earnings beat. Revenue surged 94% year over year to $462 million, while bookings jumped 375% to a record $1.5 billion and backlog rose 256% to an all-time high of $3 billion.
FPS has seen roughly 48,000 options contracts exchanged so far, or 4.2 times the usual intraday volume, with calls accounting for 41,000 of the total. The September 40 call is the most popular contract, followed by the October 35 call, with new positions opening at the latter.
Teva Pharmaceutical Industries Ltd (NYSE:TEVA) stock is down 1.1% at $38.84 today, as the pharmaceutical company officially transitions its primary shares to trade directly on the New York Stock Exchange (NYSE), replacing its previous American depositary shares (ADS) program.
Options traders are targeting TEVA at 4.4 times the usual intraday volume, with roughly 39,000 contracts across the tape. Calls lead puts 26,000 to 13,000. The December 45, 37, and 40 contracts are the most popular by far, with new positions opening at all three.
Aflac Inc (NYSE:AFL) stock is up 0.4% at $117.99 today, despite Japan Post Holdings reportedly selling roughly $158 million worth of Aflac shares. There appears to be little other company-specific news driving the shares.
AFL is seeing unusually heavy options activity, with roughly 42,000 contracts exchanged so far, or 19.8 times the usual intraday amount. Calls and puts are evenly split at 21,000 contracts apiece. The September 85 put is seeing the most activity.