Costco Stock Rises on Impressive March Net Sales
Group 1 - Costco Wholesale Corp reported March net sales of 23.48 billion last year [1] - The stock is currently priced at 880 region, although there is overhead pressure at $1,000 [2] - Call volume is three times the intraday average, with 19,000 bullish bets compared to 6,620 puts, indicating a shift in sentiment [3] - The Schaeffer's put/call open interest ratio (SOIR) of 1.26 is in the 80th percentile of annual readings, suggesting that short-term traders have been more bearish than usual [3] Group 3 - Costco stock has outperformed options traders' volatility expectations over the last 12 months, with a Schaeffer's Volatility Scorecard (SVS) of 86 out of 100, indicating a favorable environment for options trading [4]