Bearish flow noted in TripAdvisor with 2,083 puts trading, or 1.4x expected. Most active are May-24 25 puts and 5/10 weekly 24 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 3.13, while ATM IV is up over 1 point on the day. Earnings are expected on May 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>>
Read More on TRIP:
- Tripadvisor (TRIP) Q1 Earnings Cheat Sheet
- TripAdvisor call volume above normal and directionally bullish
- Apollo still a suitor for TripAdvisor, ‘ample interest’ from others, Skift says
- TripAdvisor price target raised to $20 from $18 at Jefferies
- TripAdvisor price target raised to $28 from $23 at Citi