Bearish flow noted in Alcoa with 8,096 puts trading, or 3x expected. Most active are Mar-24 20 puts and Jan-24 60 calls, with total volume in those strikes near 4,900 contracts. The Put/Call Ratio is 1.54, while ATM IV is up nearly 5 points on the day. Earnings are expected on January 17th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AA:
- Alcoa call volume above normal and directionally bullish
- Alcoa price target raised by $4 at JPMorgan, here’s why
- Alcoa welcomes decisions that support Western Australian operations
- Alumina Shares Gain Nearly 9% on Winning WA Approval
- Alcoa price target lowered by $1 at B. Riley, here’s why
Questions or Comments about the article? Write to editor@tipranks.com