Bearish flow noted in EchoStar with 2,089 puts trading, or 1.0x expected. Most active are Dec-24 7.5 puts and Apr-24 12.5 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 9.16, while ATM IV is up nearly 6 points on the day. Earnings are expected on May 10th.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- 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 SATS:
- EchoStar put volume heavy and directionally bearish
- EchoStar announces contract extension for ORAN-based private 5G networks
- Fox Nation streaming service expands distribution to Dish Network and Sling TV
- Fly Insider : Echostar, Dell among week’s notable insider trades
- BHG issues letter to senators related to apparent EchoStar accounting fraud