Vertiv Holdings Co (NASDAQ:VRT) stock is up 15.9% to trade at $241.75 this morning, after the utility company reported adjusted third-quarter earnings of $2.21 on $4.3 billion in revenue, both of which topped estimates. The company also hiked its full-year guidance on AI-driven demand.
Vertiv stock is pacing for its best single-session gain since a 24.5% post-earnings pop on Feb. 11. The shares are now up 48% year to date after trading at eight-month lows on Friday.
Options traders have been betting bearishly. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Vertiv's 50-day put/call volume ratio of 1.23 ranks in the 100th percentile of its annual range. This indicates puts have been picked up at a faster-than-usual pace relative to calls during the past 10 weeks.
Today, calls are more popular, with the weekly 10/26 250-strike call leading the charge, followed by the 240 strike call in the same series.
