tiprankstipranks
Charter put volume heavy and directionally bearish
The Fly

Charter put volume heavy and directionally bearish

Bearish flow noted in Charter with 1,850 puts trading, or 1.2x expected. Most active are 10/4 weekly 305 puts and 9/27 weekly 327.5 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 1.68, while ATM IV is up over 1 point on the day. Earnings are expected on October 25th.

Don't Miss Our Christmas Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App