Is the Options Market Predicting a Spike in 1st Source Stock?

Company Overview - 1st Source Corporation (SRCE) is currently experiencing significant attention in the options market, particularly with the Sep 19, 2025 $40 Call showing high implied volatility, indicating potential for a major price movement [1] - The company holds a Zacks Rank 1 (Strong Buy) in the Banks - Midwest industry, which is in the top 17% of the Zacks Industry Rank [3] Analyst Insights - Over the past 30 days, one analyst has raised the earnings estimate for the current quarter from $1.45 per share to $1.59, with no downward revisions from other analysts [3] - The high implied volatility suggests that options traders are anticipating a significant price movement for 1st Source shares, which could indicate an upcoming event that may lead to a rally or sell-off [2][4] Trading Strategy - Options traders often seek out options with high implied volatility to sell premium, a strategy that captures decay and benefits if the underlying stock does not move as much as expected by expiration [4]