EGAN Options Signal Extreme Bullishness — Into Earnings

[eGain Corporation](/s/us/egan) falls 6% today. Yet its options market tells a completely different story.

The put/call ratio hit 0.122 on May 13 — a 3.8-sigma low versus the 20-day mean of 0.163. That is the lowest PCR reading in the past 52 weeks, against a one-year high of 0.642. For every put traded, more than eight calls changed hands. That is extreme call dominance, and it arrived on the…