Bearish flow noted in Best Buy (BBY) with 6,920 puts trading, or 3x expected. Most active are 11/8 weekly 95 puts and 11/8 weekly 90 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 2.06, while ATM IV is up over 2 points on the day. Earnings are expected on November 26th.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BBY:
- Telsey names its Holiday 2024 Top Picks
- Large U.S. consumer names modestly higher afterhours as port strike ends
- Dockworkers Strike Could Shake Up Retail Stocks and Holiday Prices
- Best Buy added to Analyst Focus List at JPMorgan
- Adobe forecasts record $240.8B in U.S. holiday season online sales, up 8.4%