Bearish flow noted in Victoria’s Secret with 2,329 puts trading, or 2x expected. Most active are Aug-24 16 puts and Jul-24 19 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 4.41, while ATM IV is up over 2 points on the day. Earnings are expected on August 28th.
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 VSCO:
- Victoria’s Secret Shareholders Endorse Expansion and Leadership
- Victoria’s Secret’s (NYSE:VSCO) Attempts to Revive Iconic Brand
- Victoria’s Secret call volume above normal and directionally bullish
- Victoria’s Secret price target raised to $24 from $20 at Telsey Advisory
- Victoria’s Secret price target raised to $19 from $16 at Barclays