Bearish flow noted in Globe Life with 2,457 puts trading, or 1.6x expected. Most active are Jun-24 76.5 puts and Jun-24 78.5 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 4.48, while ATM IV is up over 2 points on the day. Earnings are expected on July 31st.
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 GL:
- Globe Life put volume heavy and directionally bearish
- Class Action Lawsuit Against Globe Life Inc. (NYSE:GL)
- The Bear Cave issues cautious report on Globe Life
- Fly Insider: Norfolk Southern, Carvana among week’s notable insider trades
- Globe Life disclosing SEC informal inquiry highlights risks, says Evercore ISI