Bearish flow noted in Charles Schwab with 10,252 puts trading, or 1.9x expected. Most active are Oct-24 62.5 puts and 9/27 weekly 51 puts, with total volume in those strikes near 6,600 contracts. The Put/Call Ratio is 8.83, while ATM IV is up over 1 point on the day. Earnings are expected on October 15th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- 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:
- Charles Schwab new asset growth improved in August, says Barclays
- Charles Schwab reports August total client assets $9.74T
- Charles Schwab initiated with an Equal Weight at Wells Fargo
- Charles Schwab put volume heavy and directionally bearish
- Keefe Bruyette says TD’s Schwab stake sale ‘not telegraphed,’ but ‘unsurprising’