Bearish flow noted in Western Alliance with 1,081 puts trading, or 1.1x expected. Most active are 5/3 weekly 56 puts and 5/3 weekly 58 puts, with total volume in those strikes near 600 contracts. The Put/Call Ratio is 2.37, while ATM IV is up over 3 points on the day. Earnings are expected on July 16th.
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 WAL:
- Western Alliance Expands Board with Three New Directors
- 3 Best Stocks to Buy Now, 4/23/2024, According to Top Analysts
- Western Alliance price target lowered to $86 from $91 at Barclays
- Western Alliance price target lowered to $78 from $85 at DA Davidson
- Western Alliance price target lowered to $75 from $80 at Truist