While the Dow lost 786 points on Tuesday, March 3, and an additional 2013 points on Monday, March 9, there was aggressive call buying on each day in Zagg Incorporated (ZAGG).
While ZAGG stock posted losses on each of these days, call options showed huge gains in both implied volatility and price. Some investors are looking at the company, which reports earnings on Wednesday after the close, and must be anticipating a sharp jump in stock price after-hours.
Background
According to Hoover’s Inc.:
ZAGG makes items to protect, power and improve mobile products. It generates