Amentum Holdings ($AMTM) is experiencing a rise in stock price following its quarterly earnings report released on December 17, 2024. The company reported earnings per share (EPS) of $0.28, exceeding the estimated EPS of $0.26, while revenue totaled $2.21 billion, falling short of expectations by $1.20 billion. The company's backlog has significantly increased to $45.0 billion as of September 27, 2024, compared to $26.8 billion a year prior, reflecting an increase of $18.2 billion. Prior to the earnings announcement, the implied volatility for Amentum's December call options was reported at 180, with January options at 100, against a 52-week range of 30 to 131. Additionally, 220 contracts of December 25 calls traded at a price of $1.20. Following the earnings release, Amentum's stock was noted to be up 4.7% in pre-market trading.