Bearish flow noted in Frontier Communications with 1,326 puts trading, or 1.3x expected. Most active are Sep-24 35 puts and Jan-26 40 calls, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 1.57, while ATM IV is up nearly 4 points on the day.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FYBR:
- Verizon (VZ) Reveals Significant Q3 Severance Charges
- Verizon bets on bundling in $20B Frontier deal, Barron’s says
- Frontier Communications downgraded to Neutral from Buy at UBS
- BofA moves to No Rating on Frontier Communications after Verizon deal
- Verizon price target lowered to $44 from $46 at KeyBanc