Bearish flow noted in Magnite Inc with 1,906 puts trading, or 7x expected. Most active are Nov-24 12.5 puts and Oct-24 12.5 calls, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 9.39, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 7th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGNI:
- Magnite Inc call volume above normal and directionally bullish
- Lake Street reiterates Buy on Magnite, sees ‘no change’ to Disney relationship
- Magnite share weakness following podcast comments overdone, says B. Riley
- Needham says market reaction ‘overdone,’ recommends buying Magnite
- Pullback creates opportunity in Magnite shares, says Craig-Hallum