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Barchart
Barchart
Will Ashworth

Dropbox’s Unusually Active Call Is a Screaming Buy Before Today’s Q1 2024 Results

Tal Education Group (TAL) had the highest Vol/OI ratio for call options in Wednesday's trading with a volume of 11,699, 115.83x its open interest. There were 549 call options with a Vol/OI ratio of 1.25 or greater, which is the cutoff for unusual options activity. 

In the 25th spot was Dropbox’s (DBX) Jan. 17/2025 $32 call, which had a volume of 9,755, 17.27x its open interest. As a result of the call’s volume, Dropbox’s total options volume yesterday was 24,800, about 7x its 30-day average. The last time it had that much volume was Feb. 16 (38,281), when it traded down 23% on weak revenue guidance in 2024. 

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