Group 1 - Coastal Financial Corporation (CCB) is experiencing significant attention from investors due to high implied volatility in the options market, particularly the Apr 17, 2025 $35.00 Put option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in Coastal Financial's stock price, potentially due to an upcoming event [2] - Currently, Coastal Financial holds a Zacks Rank 3 (Hold) in the Banks - West industry, which is in the top 5% of the Zacks Industry Rank, but analysts have not increased earnings estimates for the current quarter, with a consensus estimate dropping from $1.04 to $0.93 per share [3] Group 2 - The high implied volatility surrounding Coastal Financial may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay, hoping the stock does not move as much as expected by expiration [4]
Is the Options Market Predicting a Spike in Coastal Financial (CCB) Stock?