Is the Options Market Predicting a Spike in Everi (EVRI) Stock?
Everi Everi (US:EVRI) ZACKS·2024-08-27 13:50

Core Insights - Investors in Everi Holdings Inc. (EVRI) should monitor stock movements due to significant activity in the options market, particularly the high implied volatility of the Sept 20, 2025 $15 Put option [1] Company Analysis - Everi Holdings is currently rated as Zacks Rank 4 (Sell) within the Business-Services industry, which is positioned in the top 35% of the Zacks Industry Rank [3] - Over the past 60 days, no analysts have increased their earnings estimates for the current quarter, while four analysts have revised their estimates downward, resulting in a decrease of the Zacks Consensus Estimate from 25 cents per share to 17 cents per share [3] Options Market Insights - The high implied volatility surrounding Everi shares suggests that options traders anticipate a significant price movement, which could indicate an upcoming event that may lead to a substantial rally or sell-off [2][4] - Options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value as expiration approaches, hoping that the underlying stock does not move as much as expected [4]