Bearish flow noted in Nutanix with 1,576 puts trading, or 2x expected. Most active are Jan-25 40 puts and Feb-24 60 calls, with total volume in those strikes near 890 contracts. The Put/Call Ratio is 1.57, while ATM IV is up over 1 point on the day. Earnings are expected on March 4th.
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>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NTNX:
- Nutanix price target raised to $60 from $51 at KeyBanc
- Nutanix upgraded to Outperform from Market Perform at William Blair
- Nutanix price target raised to $58 from $50 at Piper Sandler
- The cloud automation software stocks to own in 2024, according to Piper Sandler
- Nutanix could benefit from changes to pricing at VMware, says BofA