Bearish flow noted in Pitney Bowes with 5,495 puts trading, or 7x expected. Most active are Dec-24 5.5 puts and Aug-24 6 puts, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 1.80, while ATM IV is up over 1 point on the day. Earnings are expected on August 8th.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PBI:
- Pitney Bowes (PBI) Q2 Earnings Cheat Sheet
- Pitney Bowes Corrects Misreports on Global Ecommerce Sale
- Pitney Bowes says still working to conclude e-commerce segment reivew
- Stord acquires e-commerce fulfillment ops from Pitney Bowes, Information reports
- Pitney Bowes call volume above normal and directionally bullish