Is the Options Market Predicting a Spike in Euronav (EURN) Stock?

Group 1 - Investors in Euronav NV (EURN) should monitor the stock due to significant movements in the options market, particularly the Aug 16, 2024 $12.50 Call which has high implied volatility [1] - High implied volatility indicates that the market anticipates substantial movement in Euronav's stock, potentially due to an upcoming event that could lead to a significant rally or sell-off [4][5] - Euronav currently holds a Zacks Rank 3 (Hold) in the Transportation - Shipping industry, which is in the top 14% of the Zacks Industry Rank [7] Group 2 - Over the past 60 days, the Zacks Consensus Estimate for Euronav's current quarter earnings has decreased from 37 cents per share to 29 cents [7]