Shares of Ondas Holdings Inc. (ONDS) are soaring in Monday's pre-market session, surging 22.41% as investors react to unusually high call option volume. The dramatic price movement comes amid a flurry of trading activity that suggests growing bullish sentiment among options traders.
According to market data, Ondas Holdings saw 52,719 call options changing hands, which is three times the expected volume. This surge in call buying indicates that traders are positioning themselves for potential upside in the stock. Adding to the bullish signal, the implied volatility for ONDS options jumped by nearly 11 points to reach 144.19, reflecting increased demand for options and heightened market expectations for future stock movement.
While options activity doesn't always translate directly to stock performance, such a significant increase in call volume often precedes positive price movements. Investors and analysts will be closely watching Ondas Holdings in the coming days to see if this options activity is a precursor to fundamental news or simply speculative trading. As always, market participants are advised to conduct their own due diligence and consider their risk tolerance before making investment decisions based on options flow data.