Bearish flow noted in TripAdvisor with 1,683 puts trading, or 2x expected. Most active are Sep-23 14 puts and Sep-23 15 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 3.68, while ATM IV is up over 2 points on the day. Earnings are expected on November 7th.
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 the top stocks recommended by analysts >>
Read More on TRIP:
- TripAdvisor downgraded to B+ by S&P with stable outlook
- TripAdvisor price target lowered to $16 from $18 at TD Cowen
- TripAdvisor price target lowered to $20 from $26 at Credit Suisse
- TripAdvisor price target lowered to $18 from $20 at Mizuho
- TripAdvisor price target lowered to $14 from $15 at Barclays