Unusual Options Volume Report: 3 Stocks Moving After Earnings

Three stocks are seeing unusual options activity following their quarterly earnings reports: DraftKings Inc (NASDAQ:DKNG), TransMedics Group Inc (NASDAQ:TMDX), and Omada Health Inc (NASDAQ:OMDA). Shares are making sizable moves in both directions, while options traders react to the results.

DKNG stock is plunging 29% to trade at $16.70, after the sports betting company reported a wider-than-expected third-quarter loss of 53 cents per share on revenue of $1.33 billion, missing the $1.39 billion consensus estimate. The company is also investing heavily in its prediction markets business. So far, 93,716 options have crossed the tape, or 2.4 times the average intraday volume, with positive net option delta volume of roughly 1,294 shares.

TMDX is surging 20.3% to trade at $83, after the medical technology company reported adjusted earnings of 51 cents per share on revenue of $203 million, both exceeding expectations. Options volume is running at 3.5 times the usual intraday pace, with 11,588 contracts exchanged. Traders are leaning bullish, with positive net option delta volume of roughly 23,000 shares.

OMDA is down 19.8% at $15.20, despite reporting better-than-expected third-quarter earnings and revenue. The company posted earnings of 11 cents per share on revenue of $91.3 million, up 34% year over year. Options volume is running at 38.4 times the average intraday amount, with 9,944 contracts traded. Sentiment is bearish, with negative net option delta volume of 874 shares.