Bearish flow noted in Lincoln National with 46,875 puts trading, or 41x expected. Most active are Jan-24 20 puts and Jun-24 17.5 puts, with total volume in those strikes near 41,300 contracts. The Put/Call Ratio is 45.78, while ATM IV is up nearly 4 points on the day. Earnings are expected on August 2nd.
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Read More on LNC:
- Early notable gainers among liquid option names on July 7th
- Lincoln National price target raised to $27 from $21 at Piper Sandler
- Lincoln National put volume heavy and directionally bearish
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