Group 1 - Central Garden & Pet Company (CENTA) is experiencing significant activity in the options market, particularly with the March 21, 2024 20 Put showing high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to a rally or sell-off [2] - Analysts have a mixed outlook on Central Garden & Pet Company, with no earnings estimates increased in the last 60 days and three analysts reducing their estimates, leading to a decrease in the Zacks Consensus Estimate from 1.01 to $0.95 per share [3] Group 2 - The high implied volatility may indicate a developing trading opportunity, as options traders often seek to sell premium on such options, hoping the stock does not move as much as expected by expiration [4]
Is the Options Market Predicting a Spike in Central Garden & Pet Company (CENTA) Stock?