Arbutus and Take-Two Options Trading Activity
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2026
0mins
Source: NASDAQ.COM
- Arbutus Options Volume: Arbutus Biopharma Corp (ABUS) has seen an options volume of 10,247 contracts today, representing approximately 1 million underlying shares, which accounts for 47.7% of its average daily trading volume of 2.1 million shares over the past month, indicating heightened market interest in its future performance.
- High Volume Put Options: Within ABUS, the $4 strike put option has traded 2,782 contracts today, equating to about 278,200 shares, reflecting investor expectations of potential declines in the stock, which could influence its price volatility.
- Take-Two Options Volume: Take-Two Interactive Software, Inc. (TTWO) has recorded an options volume of 13,787 contracts today, representing approximately 1.4 million underlying shares, which is 44.9% of its average daily trading volume of 3.1 million shares over the past month, showcasing active trading interest in its stock.
- TTWO High Volume Put Options: The $185 strike put option for TTWO has seen a trading volume of 5,070 contracts today, representing about 507,000 shares, indicating a cautious sentiment among investors regarding the stock's future performance, which may impact its market behavior.
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Analyst Views on GTLB
Wall Street analysts forecast GTLB stock price to rise
24 Analyst Rating
13 Buy
10 Hold
1 Sell
Moderate Buy
Current: 33.790
Low
34.00
Averages
50.86
High
72.00
Current: 33.790
Low
34.00
Averages
50.86
High
72.00
About GTLB
GitLab Inc. provides DevSecOps Platform, is built on a single codebase, unified data model, and user interface. The Company offers customers flexible deployment options, including a self-managed offering, as well as multi-tenant and single-tenant (GitLab Dedicated) software-as-a-service (SaaS) solutions. It offers the DevSecOps Platform in three different subscription tiers, namely Free, Premium and Ultimate. The DevSecOps Platform enables its customers to move their DevOps workflow across any hybrid or multi-cloud environment. Its subscription plans are available as a self-managed offering that customers download to run in their own on-premises environment or hybrid cloud environments, and also a SaaS offering, which is offered as either multi-tenant or single-tenant (called GitLab Dedicated). The Company also provides related training and professional services. Its SaaS products provide access to hosted software as well as support.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Announcement Date: GitLab is set to release its Q1 earnings on June 2nd after market close, with a consensus EPS estimate of $0.20, reflecting a 17.6% year-over-year growth, indicating the company's ongoing potential for profitability.
- Revenue Expectations: Analysts anticipate GitLab's Q1 revenue to reach $254.52 million, representing an 18.7% year-over-year increase, which underscores the company's robust performance and sustained customer demand in the market.
- Historical Performance: Over the past two years, GitLab has beaten both EPS and revenue estimates 100% of the time, demonstrating strong execution and market adaptability, which enhances investor confidence.
- Estimate Revision Dynamics: Despite experiencing 7 upward revisions and 13 downward revisions in EPS estimates over the last three months, revenue estimates saw 2 upward and 22 downward revisions, indicating mixed market sentiment regarding the company's future growth.
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- Job Cuts Announcement: GitLab has announced a restructuring plan that will cut approximately 350 jobs, representing 14% of its global workforce, aimed at simplifying its structure and reducing costs while focusing on high-priority initiatives like AI tools, with expected one-time restructuring charges of $30 million to $35 million primarily for severance.
- Strong Financial Performance: Despite the layoffs, GitLab reported a solid first quarter with revenue of $264.2 million, a 23% year-over-year increase that surpassed Wall Street's expectations of $254.52 million, and an adjusted net income of $0.23 per share, up from $0.17 in the same quarter last year, indicating strong growth potential in the AI sector.
- Future Guidance: GitLab expects revenue for the current quarter to be between $272 million and $274 million, with full-year revenue guidance of $1.112 billion to $1.118 billion, although these forecasts are slightly below some analysts' expectations, reflecting the company's ongoing commitment to investing in AI opportunities.
- Market Reaction: Following the restructuring announcement, GitLab's stock initially rose by 4% but later fell by 8%, indicating market concerns about the company's future direction, even as retail investor sentiment on social media remains 'extremely bullish'.
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- Restructuring Impact: GitLab announced that its restructuring plan will affect approximately 14% of its global workforce, with plans to exit 22 countries, thereby reducing its geographic footprint by about 37%, aimed at optimizing its operating structure for long-term success.
- Financial Implications: The company expects to incur nearly $30 million to $35 million in pre-tax restructuring charges, primarily consisting of one-time severance, employee termination benefits, and retention costs associated with the restructuring execution, with about $19 million expected in the second quarter of fiscal 2027.
- Strategic Shift: This restructuring plan is not only aimed at streamlining the organization but also includes automating more internal processes using AI agents to enhance operational efficiency and better align with the company's strategic priorities.
- Market Reaction: Following the announcement of first-quarter results that exceeded expectations, GitLab's shares surged over 7% in extended trading, reflecting investor confidence in the company's future despite slowing growth, which is still considered a valuable investment opportunity.
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- Strong Performance: GitLab's Q1 non-GAAP EPS of $0.23 beats expectations by $0.03, indicating a sustained enhancement in profitability that reinforces market confidence in its financial health.
- Revenue Growth: The company reported Q1 revenue of $264.16 million, reflecting a 23.1% year-over-year increase and surpassing market expectations by $9.64 million, demonstrating significant progress in expanding its customer base and enhancing product value.
- Future Outlook: GitLab projects Q2 FY 2027 revenue guidance of $272 million to $274 million, slightly below the consensus of $273.35 million, indicating a cautious approach amid competitive market conditions while providing clear financial guidance for investors.
- Profitability Expectations: The anticipated non-GAAP operating income for Q2 is between $30 million and $32 million, showcasing the company's efforts in cost control and efficiency improvement, although the EPS forecast is slightly below consensus, overall profitability remains robust.
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- Appian Options Volume: Today, Appian Corp's options volume reached 7,394 contracts, equivalent to approximately 739,400 shares, indicating a trading activity level of 77.8% of its average daily volume over the past month, which may reflect market interest in its future performance.
- High Volume Call Options: Within Appian, the $30 strike call option stands out with 6,544 contracts traded today, representing about 654,400 shares, indicating investor expectations for the stock's future upside.
- GitLab Options Activity: Concurrently, GitLab Inc saw options trading volume of 42,247 contracts, representing approximately 4.2 million shares, or about 76.2% of its average daily volume over the past month, suggesting sustained market interest in its stock.
- GitLab Call Option Popularity: For GitLab, the $35 strike call option also showed strong performance with 6,858 contracts traded today, representing approximately 685,800 shares, reflecting investor confidence in its future growth.
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- Earnings Season Overview: Nearly 97% of S&P 500 companies have reported earnings this quarter, with about 85% exceeding Wall Street expectations, indicating overall market resilience and increased investor confidence.
- Broadcom Outlook: Broadcom has shown strong pre-earnings performance with a 32% rise, and analysts generally rate it as a buy, suggesting a potential price target of $500 in the coming weeks, although failure to meet expectations could lead to a pullback.
- GitLab Trend: Despite struggling this year, GitLab's stock broke a downtrend last week, currently trading around $33, and if it surpasses the $37 resistance, it could rise to $46, indicating a potential recovery in software stocks.
- Five Below Monitoring: Five Below's stock has increased about 20% in 2026, with analysts optimistic about a forecasted 12% rise over the next 12 months; if it breaks past $238, it could further climb to $270, reflecting market opportunities for discount retailers.
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