Bearish flow noted in Coherent with 2,976 puts trading, or 3x expected. Most active are Nov-24 95 puts and Jan-25 80 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 2.30, while ATM IV is up over 5 points on the day. Earnings are expected on November 4th.
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 price target raised to $108 from $90 at BofA
- Meta, Alphabet initiated: Wall Street’s top analyst calls
- Coherent upgraded to Positive at Susquehanna on margin expansion potential
- Coherent upgraded to Positive from Neutral at Susquehanna
- Coherent announces sale of UK manufacturing facility following strategic review