Bearish flow noted in Teck Resources with 1,300 puts trading, or 2x expected. Most active are Feb-25 42 puts and Nov-24 45 puts, with total volume in those strikes near 990 contracts. The Put/Call Ratio is 3.31, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 24th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TECK:
- Teck Resources call volume above normal and directionally bullish
- Teck Resources upgraded to Buy from Neutral at UBS
- Teck Announces New Structure to Support Energy Transition Metals Growth
- Teck Resources price target lowered to C$78 from C$84 at Scotiabank
- Teck being watched by biggest miners as possible target, Bloomberg says
Questions or Comments about the article? Write to editor@tipranks.com