Bearish flow noted in General Motors with 28,356 puts trading, or 4x expected. Most active are 10/25 weekly 40 puts and 10/11 weekly 43 puts, with total volume in those strikes near 17,000 contracts. The Put/Call Ratio is 2.50, while ATM IV is up over 1 point on the day. Earnings are expected on October 22nd.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- 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 GM:
- CVS to cut jobs, PepsiCo acquires Siete Foods: Morning Buzz
- General Motors reports Q3 U.S. deliveries down 2% y/y to 659,601 vehicles
- General Motors put volume heavy and directionally bearish
- General Motors price target raised to $61 from $53 at Goldman Sachs
- GM’s Cruise to pay $1.5M fine to resolve NHTSA consent order