Bearish flow noted in Zions Bancorp with 21,601 puts trading, or 20x expected. Most active are Mar-24 30 puts and 2/23 weekly 32 puts, with total volume in those strikes near 8,100 contracts. The Put/Call Ratio is 6.46, while ATM IV is up nearly 14 points on the day. Earnings are expected on April 22nd.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ZION:
- Zions Bancorp price target raised to $48 from $46 at Stephens
- Zions Bancorp fundamental trends to remain stable, says RBC Capital
- Zions Bancorp price target raised to $51 from $48 at DA Davidson
- Zions Bancorp price target raised to $47 from $45 at Jefferies
- Zions Bancorp price target lowered to $46 from $48 at Wedbush