Upwork put volume heavy and directionally bearish
The Fly

Upwork put volume heavy and directionally bearish

Bearish flow noted in Upwork with 2,061 puts trading, or 5x expected. Most active are Oct-24 7.5 puts and Apr-24 12.5 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 79.27, while ATM IV is up over 1 point on the day. Earnings are expected on May 1st.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on UPWK:

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App