Bearish flow noted in Teva (TEVA) with 37,689 puts trading, or 3x expected. Most active are Mar-25 12 puts and Mar-25 15 puts, with total volume in those strikes near 28,000 contracts. The Put/Call Ratio is 2.57, while ATM IV is up over 2 points on the day. Earnings are expected on January 29th.
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 TEVA:
- Appeals court sides with Amneal over Teva in inhaler patent fight
- PBMs took payments from manufacturers to allow free flow of opioids, NYT reports
- Teva price target raised to $28 from $26 at UBS
- Teva price target raised to $28 from $25 at Barclays
- TD says Spyre has ‘superior TL1A program’ after Teva data