Bearish flow noted in Mobileye with 1,098 puts trading, or 1.0x expected. Most active are May-24 30 puts and May-24 26 puts, with total volume in those strikes near 720 contracts. The Put/Call Ratio is 1.99, while ATM IV is up over 3 points on the day. Earnings are expected on July 25th.
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- Snap upgraded, Apple downgraded: Wall Street’s top analyst calls
- Mobileye price target raised to $37 from $35 at TD Cowen
- Mobileye price target raised to $32 from $31 at Piper Sandler
- Mobileye price target raised to $37 from $31 at Canaccord
- Mobileye downgraded to Underweight from Equal Weight at Morgan Stanley
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