Is the Options Market Predicting a Spike in Blue Bird (BLBD) Stock?

Company Overview - Blue Bird Corporation (BLBD) is experiencing significant attention from investors due to high implied volatility in its options market, particularly the Apr 17, 2025 $22.50 Call option [1] - The company currently holds a Zacks Rank 2 (Buy) in the Automotive - Domestic industry, which is positioned in the bottom 17% of the Zacks Industry Rank [3] Analyst Insights - Over the past 60 days, one analyst has raised the earnings estimate for Blue Bird for the current quarter from 92 cents per share to 96 cents, indicating a positive outlook [3] - No analysts have revised their earnings estimates downward during this period, suggesting a stable or improving sentiment towards the company's performance [3] Market Sentiment - The high implied volatility suggests that options traders are anticipating a significant price movement for Blue Bird shares, which could be indicative of an upcoming event that may lead to a substantial rally or sell-off [2][4] - Options traders often seek to capitalize on high implied volatility by selling premium, aiming for the underlying stock to not move as much as expected by expiration [4]