Bearish flow noted in Shift4 Payments with 1,221 puts trading, or 2x expected. Most active are Jul-24 67.5 puts and Apr-24 60 puts, with total volume in those strikes near 630 contracts. The Put/Call Ratio is 3.22, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 2nd.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- 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 FOUR:
- Los Angeles Rams select Shift4 to power payments for ticket sales, no terms
- 3 Best Stocks to Buy Now, 3/20/2024, According to Top Analysts
- Shift4 Payments pullback a buying opportunity, says Benchmark
- Shift4 Payments weakness presents buying opportunity, says BTIG
- Morgan Stanley says Shift4 reportedly rejecting bids as too low ‘not a surprise’