Learn more

The markets look to head lower in Thursday trading after Meta Platforms (META)provided weaker-than-expected Q2 2024 revenue guidance combined with higher capital expenditures. As I write this before the markets open, the S&P 500 futures are down nearly three-quarters of a percent. My job on Thursdays is to find a compelling call or put option to buy or sell that’s experiencing unusually active options activity, defined as a Vol/OI ratio of 1.25 or higher. On Wednesday, Capri Holdings’ (CPRI)May 17 $35 call was active with a Vol/OI ratio of 526.92, almost three times Equitrans Midstream’s (ETRN…

cuu