Shares of Tempus AI Inc (TEM) soared 9.26% during Friday's trading session, outperforming the broader market on signs of increased bullish options activity.
According to reports, TEM's call options trading volume was nearly twice the normal level on Friday, with 4,392 call contracts changing hands. This spike in bullish option bets caused implied volatility for TEM options to jump almost 2 points higher.
The heightened call options activity suggests traders are positioning for further gains in TEM's share price in the near term. The surge in options trading preceded and likely contributed to the stock's strong intraday performance.
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