Figma shares surged alongside a significant spike in bullish options activity. Call contract trading volume reached double the expected levels. Implied volatility jumped to 80.14%, signaling heightened market expectations for the company’s performance.
Cathie Wood’s ARK Investment Management purchased 477,445 shares of Figma. This institutional acquisition and aggressive options positioning indicate growing investor optimism.
The market activity precedes Figma’s next earnings announcement scheduled for April 29th. This rebound follows a recent share price decline attributed to insider sales under pre-set trading plans.