Is the Options Market Predicting a Spike in Bank of Hawaii (BOH) Stock?

Group 1 - The stock of Bank of Hawaii (BOH) is experiencing significant attention due to high implied volatility in the options market, particularly the Apr 17, 2025 $55.00 Call option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in Bank of Hawaii's stock price, potentially due to an upcoming event [2] - Bank of Hawaii currently holds a Zacks Rank 1 (Strong Buy) in the Banks-West industry, which is in the top 11% of the Zacks Industry Rank, indicating strong analyst sentiment [3] Group 2 - Over the past 60 days, two analysts have raised their earnings estimates for Bank of Hawaii for the current quarter, resulting in a consensus estimate increase from 80 cents per share to 89 cents per share [3] - The high implied volatility may indicate a trading opportunity, as options traders often seek to sell premium on options with high implied volatility, hoping the stock does not move as much as expected by expiration [4]