Stock Track | Joby Aviation Soars 20% on Bullish Options, Hits New 52-Week High

Stock Track01-04

Joby Aviation, Inc. (JOBY) stock soared 20.40% in pre-market trading on Friday, hitting a new 52-week high. The surge came on the back of bullish options activity, with call option volume spiking to over 6 times the normal level and implied volatility rising sharply.

Data showed 34,849 call options traded on JOBY shares, well above the expected volume. The surge in call buying suggests increased bullish sentiment among options traders looking for further upside in the eVTOL air taxi company's stock price.

The combination of heavy bullish options flow and JOBY hitting new 52-week highs points to renewed investor optimism around the company's prospects. The rally positions JOBY stock for further potential gains as the eVTOL market continues developing.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment