Bearish flow noted in British American Tobacco with 1,545 puts trading, or 2x expected. Most active are Jun-24 25 puts and Jan-26 32 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.21, while ATM IV is up over 1 point on the day. Earnings are expected on July 25th.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BTI:
- British American Tobacco Stock (NYSE:BTI): Smart Capital Allocation, 9.7% Dividend Yield
- FDA rescinds ban on Juul Labs e-cigarettes
- UK Stocks: British American Tobacco (BATS) Expects Lower H1 Profits; Shares Fall
- British American Tobacco call volume above normal and directionally bullish
- BTI Stock (NYSE:BTI): Michael Burry’s Biggest Position No One’s Talking About