Bearish flow noted in Cloudflare with 14,558 puts trading, or 3x expected. Most active are 5/10 weekly 70 puts and May-24 70 puts, with total volume in those strikes near 10,900 contracts. The Put/Call Ratio is 3.75, while ATM IV is up over 3 points on the day. Earnings are expected on May 2nd.
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 NET:
- Options Volatility and Implied Earnings Moves This Week, April 29 – May 02, 2024
- Cloudflare price target lowered to $95 from $105 at Mizuho
- Booz Allen, Cloudfare now delivering rapid incident response
- Cantor Fitzgerald tech equities analysts hold analyst/industry conference call
- Kyndryl Holdings and Cloudflare announce global strategic alliance