C3.ai, Inc. AI is scheduled to its financial results for the fiscal third quarter after the closing bell Thursday. Analysts expect the company to post a quarterly loss of 22 cents per share on revenue of $64.25 million.
On CNBC’s "Options Action," Kevin Kelly of Kelly Intelligence said there were 1.87x more calls than puts on C3.ai on Wednesday.
There is an implied move of +/-14.3% post earnings, compared to an average move of +/-6.8%.
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There was a buyer of 395 of the March 10 weekly 25-calls at an average price of 70 cents per contract, Kelly mentioned.
The trader expects C3.ai stock to surge at least 24% by March 10 weekly expiration.
AI Price Action: C3.ai shares dropped 8.2% to close at $20.73 on Wednesday.
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