Is the Options Market Predicting a Spike in CoStar Group (CSGP) Stock?

Group 1 - The stock of CoStar Group, Inc. (CSGP) is experiencing significant attention due to high implied volatility in the options market, particularly for the Jan. 17, 2025 $35 Call option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in CoStar Group's stock price, potentially due to an upcoming event [2] - CoStar Group currently holds a Zacks Rank 3 (Hold) in the Computers - IT Services industry, which is in the top 15% of the Zacks Industry Rank, but analysts have lowered earnings estimates for the current quarter from 25 cents per share to 22 cents [3] Group 2 - The high implied volatility surrounding CoStar Group may indicate a trading opportunity, as options traders often seek to sell premium on options with high implied volatility to capture decay [4]