Bearish flow noted in KeyCorp with 11,286 puts trading, or 7x expected. Most active are Jan-25 17 puts and Mar-25 16 puts, with total volume in those strikes near 7,000 contracts. The Put/Call Ratio is 1.53, while ATM IV is up nearly 6 points on the day. Earnings are expected on October 17th.
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 KEY:
- KeyCorp, Scotiabank complete initial tranche of strategic minority investment
- KeyCorp price target raised to $19 from $18 at Jefferies
- Scotiabank (TSE:BNS) Targets Mortgage Capital, Shares Gain
- KeyCorp price target raised to $20 from $18 at Morgan Stanley
- KeyCorp price target raised to $17 from $16 at Wedbush