Institutional investors have traded huge volumes of out-of-the-money call options in Vertiv Holdings (VRT) that expire in almost 16 months. This is a huge bet on the growth of its AI data center business.
VRT is trading at $236.26 in midday trading today. VRT has been sliding over the past three months, as the chart below shows. That's even after strong Q2 free cash flow (FCF) results.