Banc of California (BANC) saw its stock price soar 5.02% during intraday trading on Wednesday, driven by heightened investor optimism ahead of its upcoming earnings report.
Options activity in Banc of California indicated strong market anticipation, with calls leading puts 5:2 and implied volatility suggesting a potential 2.3% move in share price post-earnings. Traders appear to be positioning for positive results, fueling the stock's upward momentum.
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