Weight Watchers call volume above normal and directionally bullish
Bullish option flow detected in Weight Watchers with 4,430 calls trading, 5x expected, and implied vol increasing almost 3 points to 77.60%. 10/7 weekly 11.5 calls and Oct-16 11 calls are the most active options, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 0.05. Earnings are expected on November 3rd.