DoorDash put volume heavy and directionally bearish
The Fly

DoorDash put volume heavy and directionally bearish

Bearish flow noted in DoorDash with 7,026 puts trading, or 1.0x expected. Most active are May-24 100 puts and May-24 115 puts, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 3.29, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Related Articles
TheFlyPayfare, DoorDash will not renew core services agreement
TheFlyDoorDash call volume above normal and directionally bullish
TheFlySAP under DOJ probe, Adobe sees record holiday season sales: Morning Buzz
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App