Bearish flow noted in Capital One (COF) with 5,009 puts trading, or 1.7x expected. Most active are Dec-24 135 puts and 11/22 weekly 135 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 1.54, while ATM IV is up over 2 points on the day. Earnings are expected on January 23rd.
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 COF:
- Judge blocks Tapestry-Capri deal, Centene reports Q3 beat: Morning Buzz
- Capital One price target raised to $160 from $150 at RBC Capital
- Capital One price target raised to $173 from $161 at BofA
- Capital One price target raised to $150 from $145 at Baird
- COF Earnings: Capital One Stock Gains on Strong Q3 Results