Globe Life put volume heavy and directionally bearish
The Fly

Globe Life put volume heavy and directionally bearish

Bearish flow noted in Globe Life with 4,059 puts trading, or 1.6x expected. Most active are May-24 80 puts and May-24 85.5 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.63, while ATM IV is up over 5 points on the day. Earnings are expected on July 31st.

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