Shares of Ondas Holdings Inc. (ONDS) are skyrocketing in Monday's trading session, with the stock surging an impressive 22.41% in pre-market. This significant uptick comes amidst notably bullish options activity, suggesting heightened investor optimism surrounding the company.
Market observers have detected an unusual surge in call option volume for Ondas Holdings. According to reports, 52,719 call options have been traded, which is three times the expected volume. This substantial increase in bullish bets indicates that many traders are anticipating further upside for ONDS stock in the near term.
Adding to the bullish sentiment, the implied volatility for Ondas Holdings options has jumped by nearly 11 points to 144.19%. This spike in implied volatility suggests that the market is pricing in the potential for larger price swings, often associated with significant upcoming events or news. While the exact catalyst for this sudden surge in both stock price and options activity remains unclear, the market's reaction implies that investors are positioning themselves for potentially positive developments in Ondas Holdings.