Shares of Oklo Inc. (OKLO) are surging in Wednesday's trading session, with the stock price climbing 8.03% as investors react to bullish options activity. The significant price movement comes amid increased interest in the company's call options, suggesting positive sentiment among traders.
According to market data, Oklo Inc. has seen an unusually high volume of call options trading. Approximately 27,471 calls have changed hands, which is 1.3 times the expected volume. This surge in call option activity indicates that many traders are betting on further upside for the stock in the near term.
Adding to the bullish sentiment, the implied volatility for Oklo Inc. options has increased by over 2 points, reaching 101.45%. This rise in implied volatility suggests that options traders are anticipating more significant price movements in the stock, potentially driven by upcoming events or news. As the market digests this options data, it appears to be contributing to the stock's impressive intraday rally.
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