Is the Options Market Predicting a Spike in MakeMyTrip (MMYT) Stock?

Group 1 - The stock of MakeMyTrip Limited (MMYT) is experiencing significant attention due to high implied volatility in the options market, particularly for the Apr 17, 2025 $45.00 Call option [1] - Implied volatility indicates the market's expectation of future movement, suggesting that investors anticipate a substantial price change or an upcoming event that could lead to a major rally or sell-off [2] - MakeMyTrip currently holds a Zacks Rank 4 (Sell) in the Internet - Delivery Services industry, with no analysts increasing earnings estimates for the current quarter, resulting in a decrease from 43 cents to 42 cents per share in the Zacks Consensus Estimate [3] Group 2 - The high implied volatility surrounding MakeMyTrip may indicate a developing trading opportunity, as options traders often seek to sell premium on options with elevated implied volatility to capture decay [4]