POET Technologies Inc's stock soared 8.24% during intraday trading on Monday, marking a significant upward movement for the semiconductor company.
The surge appears to be driven by unusually bullish option activity, with call volume reaching 7 times the expected level and implied volatility increasing over 7 points to 100.21. This bullish option flow indicates strong investor optimism about the company's future prospects.
Market data shows POET Technologies was among the unusually active option classes at the market open, with the heightened call option activity suggesting traders are positioning for further price appreciation in the coming sessions.
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