Bearish flow noted in Alcoa (AA) with 7,219 puts trading, or 2x expected. Most active are 11/1 weekly 39.5 puts and 11/1 weekly 40 puts, with total volume in those strikes near 6,200 contracts. The Put/Call Ratio is 5.46, while ATM IV is up over 3 points on the day. Earnings are expected on January 15th.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AA:
- Snap upgraded, McDonald’s downgraded: Wall Street’s top analyst calls
- Argus upgrades Alcoa to Buy amid rising earnings on growing aluminum demand
- Alcoa upgraded to Buy from Hold at Argus
- Alcoa price target raised to $49 from $48 at Morgan Stanley
- Alcoa price target raised to $45 from $42 at BMO Capital