Bearish flow noted in Builders First Source with 1,385 puts trading, or 1.9x expected. Most active are Sep-23 130 puts and Sep-23 125 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 4.24, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 7th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BLDR:
- MercadoLibre upgraded, PagerDuty downgraded: Wall Street’s top analyst calls
- Builders FirstSource initiated with Buy on margin gains at Loop Capital
- Builders FirstSource initiated with a Buy at Loop Capital
- Builders FirstSource price target raised to $135 from $125 at BMO Capital
- Builders FirstSource price target raised to $175 from $148 at Truist