breaking news Get a head start: Top 7 stocks with high options volume and market sentiment
Options trading is a complex strategy that requires careful analysis of various factors to predict the price movement of a stock. One of these factors is market sentiment, which is the general sentiment of investors about a particular security. This sentiment can be bullish (positive) or bearish (negative), and it often affects a stock’s option volume.
We’ve compiled a list of seven stocks worth considering for options traders and equity investors. Each of these stocks has high options volume, suggesting that they are in high demand among traders. Additionally, we analyzed their Market sentiment
Read this termshare price, catalyst events and volatility to give you a better idea of their potential.
Bank of America (BAC) – This stock has high option volume of 267,869 and market sentiment is bullish. Its net delta is 725,000, which means that more traders bet on its rise than on its fall. The stock price is currently at $27.14, with an increase of 0.6%. The upcoming earnings event will take place on April 18, 2023 and its rank IV% is at 98%.
Netflix (NFLX) – Although this stock has a high option volume of 271,202, market sentiment is bearish. The net delta is -69k, indicating that traders are more inclined to short the stock. The stock price is at $328.39, with an increase of 2.5%. The upcoming earnings event will take place on April 18, 2023 and its rank IV% is at 66%.
Wells Fargo (WFC) – With a high option volume of 94,091, this stock has bullish market sentiment. Its net delta is 90k, suggesting traders are more bullish on its upside. The stock price is at $36.23, down 1%. The upcoming earnings event will take place on April 14, 2023 and its rank IV% is at 97%.
JPMorgan Chase (JPM) – This stock has high option volume at 99,901, but market sentiment is bearish. The net delta is -74k, which means that more traders are betting on its decline than on its rise. The stock price is at $124.91, down 1.5%. The upcoming earnings event will take place on April 14, 2023 and its rank IV% is at 89%.
Abbvie (ABBV) – Although this stock has a high option volume of 26,525, market sentiment is bearish. Its net delta is -457k, suggesting traders are more inclined to short the stock. The stock price is at $158.02, with an increase of 1.8%. The next earnings event will take place on February 9, 2023 and its rank IV% is at 10%.
Accenture PLC (ACN) – With a high option volume of 4,529, this stock has bearish market sentiment. Its net delta is -53k, indicating that traders are more pessimistic about its upside. The stock price is at $272.00, with an increase of 0.1%. The upcoming results event will take place on March 23, 2023 and its IV% ranking is 28%.
Novartis AG (NVS) – This stock has high option volume at 3,117, but market sentiment is bearish. Its net delta is -148k, meaning traders are more inclined to short the stock.
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