Bearish flow noted in Corebridge Financial with 3,223 puts trading, or 1.3x expected. Most active are Aug-24 30 puts and Jul-24 30 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 1.78, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 31st.
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Read More on CRBG:
- Corebridge price target lowered to $38 from $40 at BofA
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- Corebridge price target raised to $34 from $26 at JPMorgan