Bearish flow noted in Monster Beverage with 4,564 puts trading, or 8x expected. Most active are 8/9 weekly 51 puts and 8/9 weekly 48.5 puts, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 4.74, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 7th.
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 MNST:
- Monster Beverage put volume heavy and directionally bearish
- Monster Beverage to Report Financial Results for 2024 Second Quarter on August 7, 2024
- MNST Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Monster Beverage price target lowered to $56 from $59 at JPMorgan
- Celsius Holdings price target lowered to $68 from $98 at Jefferies