Bullish option flow detected in Comerica with 4,578 calls trading, 3x expected, and implied vol increasing almost 6 points to 90.16%. Apr-23 45 calls and May-23 52.5 calls are the most active options, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 0.15. Earnings are expected on April 20th.
Published first on TheFly
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Read More on CMA:
- Early notable gainers among liquid option names on April 6th
- Comerica upgraded to Strong Buy from Outperform at Raymond James
- Comerica downgraded to Neutral from Overweight at JPMorgan
- Comerica price target lowered to $52 from $85 at Morgan Stanley
- Comerica put volume heavy and directionally bearish
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