Full Truck Alliance Co. Ltd.'s stock soared 5.41% on Thursday, propelled by robust bullish options trading activity detected in the Chinese logistics platform operator.
According to data from trade-alert service Trade-Alert, around 2,548 call options on Full Truck Alliance exchanged hands as of 1:27 p.m. ET, marking a volume that was 1.0 times the intraday average. Furthermore, the stock's implied volatility, a measure of the expected range of future price movements, climbed over 3 points to 50.6%.
The elevated call options volume and rising implied volatility suggest that traders are positioning for further upside in Full Truck Alliance's shares. Options traders often turn to call options to either speculate on, or hedge against, further gains in an underlying stock.
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