Bearish flow noted in Zillow with 15,620 puts trading, or 4x expected. Most active are Dec-23 35 puts and Dec-23 37.5 puts, with total volume in those strikes near 14,900 contracts. The Put/Call Ratio is 5.62, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 14th.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- 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>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on Z:
- Zillow put volume heavy and directionally bearish
- Mortgage applications increased 2.5% from last week, MBA says
- Zillow Group price target lowered to $32 from $36 at Barclays
- Realtors group CEO leaves amid ‘inflated’ commissions verdict, interim appointed
- Zillow Group price target lowered to $48 from $60 at Craig-Hallum