C3.ai Options Traders Bet On Stock Rallying This Much By March 10 Weekly Expiration

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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