IMAX Put Options Surge 1,914% with 18,484 Contracts Traded
Investors acquired 18,484 IMAX put options on Feb. 20, a 1,914% jump over the 918 average daily volume. IMAX is set to report Q4 on Feb. 25 with EPS expected at $0.43 (+59.3% YoY) on $119.41M revenues (+28.9%), though consensus EPS was cut 4.5% last month.
1. Unusual Put Option Activity
On February 20, investors purchased 18,484 IMAX put options, marking a 1,914% increase from the 918 average daily volume. Such spikes in bearish positions often signal growing concern over near-term stock weakness or upcoming negative catalysts.
2. Upcoming Q4 Earnings Forecast
IMAX is scheduled to report fourth-quarter results on February 25, with consensus estimates calling for $0.43 in EPS, up 59.3% year-over-year, on $119.41 million in revenues, a 28.9% increase. Notably, the EPS forecast was trimmed by 4.5% in the past month, suggesting cautious sentiment.