tiprankstipranks
DoorDash put volume heavy and directionally bearish
The Fly

DoorDash put volume heavy and directionally bearish

Bearish flow noted in DoorDash with 7,155 puts trading, or 1.3x expected. Most active are Jun-24 130 puts and 4/12 weekly 113 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 1.83, while ATM IV is up over 1 point on the day. Earnings are expected on May 1st.

Don't Miss our Black Friday Offers:

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

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