Recursion Pharmaceuticals, Inc. (RXRX) stock soared 16.40% in the intraday trading session on Wednesday, fueled by bullish options activity.
According to the available news, there was a significant surge in call option trading volume for RXRX, with 40,958 calls trading, approximately 9 times the expected volume. Additionally, the implied volatility increased by over 14 points, indicating heightened interest and expectations for further upside in the stock price.
While the specific reasons for the bullish options activity were not disclosed, increased call option volume and higher implied volatility can be a sign of traders positioning for potential positive news or events that could drive the stock price higher.
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