Bearish flow noted in Vertiv Holdings with 10,981 puts trading, or 4x expected. Most active are 3/1 weekly 58 puts and Feb-24 60 puts, with total volume in those strikes near 6,300 contracts. The Put/Call Ratio is 1.85, while ATM IV is up over 3 points on the day. Earnings are expected on February 21st.
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Read More on VRT:
- Vertiv Holdings price target raised to $60 from $52 at TD Cowen
- Vertiv Holdings put volume heavy and directionally bearish
- Vertiv Holdings call volume above normal and directionally bullish
- Unusually active option classes on open December 22nd
- Vertiv Holdings price target raised by $8 at BofA, here’s why
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