Bearish flow noted in Alcoa with 11,162 puts trading, or 6x expected. Most active are Sep-24 30 puts and Sep-24 35 calls, with total volume in those strikes near 10,300 contracts. The Put/Call Ratio is 5.63, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 16th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AA: