Is This Tiny Automobile Stock Set For A Rebound?

Automobiles, Options, Volatility

Options block trades can be enlightening sources of information, especially when they occur in tiny stocks.  Vroom (VRM) is a digital automobile dealership that has struggled mightily this year, down a whopping 85% year-to-date.  The company is dealing with high costs and low margins.  The options on VRM typically trade about 10,000 lots per day on average.  So, when I came across a 35,000-lot call purchase last week, it definitely caught my eye.  It could be a bullish position for the upcoming May earnings release.