Applied Optoelectronics put volume heavy and directionally bearish
The Fly

Applied Optoelectronics put volume heavy and directionally bearish

Bearish flow noted in Applied Optoelectronics with 1,693 puts trading, or 3x expected. Most active are 5/31 weekly 13 puts and 5/31 weekly 12 puts, with total volume in those strikes near 720 contracts. The Put/Call Ratio is 3.53, while ATM IV is up over 5 points on the day. Earnings are expected on August 8th.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App