Bearish flow noted in Splunk with 2,784 puts trading, or 4x expected. Most active are Aug-23 93 puts and Aug-23 98 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 2.58, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 23rd.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SPLK: