Bearish flow noted in Mobileye with 2,974 puts trading, or 3x expected. Most active are Aug-23 35 puts and Aug-23 25 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 4.68, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 26th.
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Read More on MBLY:
- Mobileye price target raised to $72 from $71 at Citi
- Mobileye price target raised to $48 from $42 at RBC Capital
- Mobileye price target lowered to $45 from $48 at TD Cowen
- Mobileye price target raised to $55 from $50 at Canaccord
- Mobileye (NASDAQ:MBLY) Gains on Robust Q2 Showing
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