Bearish flow noted in Papa John’s with 1,014 puts trading, or 1.2x expected. Most active are Jan-26 42.5 puts and Jul-24 47.5 puts, with total volume in those strikes near 460 contracts. The Put/Call Ratio is 1.79, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 8th.
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 PZZA:
- Papa John’s price target lowered to $45 from $55 at Stifel
- Papa John’s call volume above normal and directionally bullish
- Papa Johns Brings Back Cheesy Burger Pizza This Summer, Giving the Internet Exactly What It Wants
- Papa John’s management to meet with Stephens
- Ex-Dividend Date Nearing for These 10 Stocks – Week of May 13, 2024