Bearish flow noted in Charles Schwab with 10,059 puts trading, or 1.8x expected. Most active are 9/13 weekly 62 puts and Dec-24 60 puts, with total volume in those strikes near 6,200 contracts. The Put/Call Ratio is 5.74, while ATM IV is up over 1 point on the day. Earnings are expected on October 15th.
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 SCHW:
- Keefe Bruyette says TD’s Schwab stake sale ‘not telegraphed,’ but ‘unsurprising’
- Charles Schwab call volume above normal and directionally bullish
- Charles Schwab drops 4% to $62.04 after TD sells 40.5M shares
- TD sells 40.5M Schwab shares to fund potential money laundering fines
- Charles Schwab 40.5M share Spot Secondary priced at $61.65