Virgin Galactic Shares Rise 16.2% to $4.99
Moderately bullish activity in Virgin Galactic (SPCE), with shares up 70c, or 16.2%, near $4.99. Options volume more than double the daily average with 79k contracts traded and calls leading puts for a put/call ratio of 0.23, compared to a typical level near 0.26. Implied volatility (IV30) is up nearly 14.0 points near 196.32, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.62. Put-call skew steepened, indicating increased demand for downside protection.
