Bearish flow noted in Spirit AeroSystems with 2,901 puts trading, or 3x expected. Most active are Feb-24 25 puts and 2/9 weekly 26 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 1.96, while ATM IV is up over 3 points on the day. Earnings are expected on February 6th.
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 today’s best-performing stocks on TipRanks >>
Read More on SPR:
- Spirit AeroSystems (NYSE:SPR) Rises after Boeing Reports Emerge
- Boeing misinstalled blown off Alaska MAX 9 jet, Seattle Times reports
- Boeing jet part in plane blowout manufactured in Malaysia, WSJ reports
- Rivian downgraded, Instacart upgraded: Wall Street’s top analyst calls
- Ryanair Commits More Quality Engineers to Boeing, Spirit