Bearish flow noted in International Paper with 1,439 puts trading, or 1.6x expected. Most active are Jan-25 40 puts and 10/25 weekly 49 calls, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 1.76, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 31st.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IP:
- Smurfit Westrock price target lowered to $51 from $52 at Jefferies
- International Paper put volume heavy and directionally bearish
- International Paper price target raised to $52 from $45 at Wells Fargo
- International Paper call volume above normal and directionally bullish
- Truist says Cascades news positive for Packaging Corp., International Paper