Options trading is a complex strategy that requires careful analysis of various factors in order to predict the price movement of a stock. One such factor is market sentiment, which is the overall feeling of investors about a particular stock. This sentiment can be bullish (positive) or bearish (negative), and it often affects the amount of options on a stock.
We’ve put together a list of seven stocks that are worth considering for options traders and stock investors alike. Each of these stocks has high option volume, which suggests they are in demand among traders. Furthermore, we have analyzed their market sentiment, stock price, catalytic events and volatility to give you a better idea of their potential.
Bank of America (BAC) – This stock has a high option volume of 267,869, and the market sentiment is bullish. Its net delta is 725k, which means that more traders are betting on its rise than on its decline. The share price is currently at $27.14, up 0.6%. The upcoming Earnings Event is on Apr 18, 2023 and its IV% Rank is 98%.
Netflix (NFLX) – Although this stock has a high option volume of 271,202, the market sentiment is bearish. The net delta is -69k, which indicates traders are more inclined to short the stock. The stock price is up 2.5% at $328.39. The upcoming Earnings Event is on Apr 18, 2023 and its IV% Rank is 66%.
Wells Fargo (WFC) – The stock has a bullish sentiment with a high option volume of 94,091. Its net delta is 90k, which suggests that traders are more bullish on its rise. The share price is down 1% at $36.23. The upcoming Earnings Event is on Apr 14, 2023 and its IV% Rank is 97%.
JP Morgan Chase (JPM) – The stock has a high option volume of 99,901 but the market sentiment is bearish. The net delta is -74k, which means that more traders are betting on its decline than on its rise. The share price is down 1.5% at $124.91. The upcoming Earnings Event is on Apr 14, 2023 and its IV% Rank is 89%.
AbbVie (ABBV) – Although this stock has a high option volume of 26,525, the market sentiment is bearish. Its net delta is -457k, which suggests that traders are more inclined to short the stock. The stock price is at $158.02 with an increase of 1.8%. The upcoming Earnings Event is on Feb 9, 2023 and its IV% Rank is 10%.
Accenture PLC (ACN) – The market sentiment in this stock is Bearish, with a high option volume of 4,529. Its net delta is -53k, which indicates that traders are more pessimistic about its rise. The share price is at $272.00 with an increase of 0.1%. The upcoming Earnings Event is on March 23, 2023 and its IV% Rank is 28%.
Novartis AG (NVS) – The stock has a high option volume of 3,117 but the market sentiment is bearish. Its net delta is -148k, meaning traders are more inclined to short the stock.
Source: www.forexlive.com
