Bearish flow noted in Coherent with 2,317 puts trading, or 2x expected. Most active are Oct-24 75 puts and Jan-26 75 calls, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 3.86, while ATM IV is up over 1 point on the day. Earnings are expected on August 13th.
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 COHR:
- Coherent Reaches a Manufacturing Milestone: 300 Million Transceivers Shipped From Ipoh, Malaysia, Facility
- Coherent ships 300M transceivers from Malaysia facility
- Coherent Corp Incentivizes New CEO with Stock Plans
- Lattice Semiconductor reaction to CEO change ‘overblown,’ says Rosenblatt
- Coherent call volume above normal and directionally bullish