Is the Options Market Predicting a Spike in Viant (DSP) Stock?

Company Overview - Viant Technology Inc. is currently experiencing significant activity in the options market, particularly with the Jul 19, 2024 $2.50 Put option showing high implied volatility, indicating expectations of a substantial price movement [1] - The company holds a Zacks Rank 2 (Buy) in the Technology Services industry, which is positioned in the top 24% of the Zacks Industry Rank [3] Earnings Estimates - Over the past 60 days, one analyst has raised the earnings estimates for the current quarter, while no analysts have lowered their estimates, resulting in an increase in the Zacks Consensus Estimate from earnings of 8 cents per share to 10 cents per share [3] Market Sentiment - The high implied volatility in Viant's options suggests that traders are anticipating a significant price movement, potentially due to an upcoming event that could lead to either a rally or a sell-off [2][4]