Bearish flow noted in Altimmune (ALT) with 7,883 puts trading, or 15x expected. Most active are 2/28 weekly 6 puts and Feb-25 6 puts, with total volume in those strikes near 6,700 contracts. The Put/Call Ratio is 3.55, while ATM IV is up over 4 points on the day. Earnings are expected on February 27th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALT:
- Altimmune put volume heavy and directionally bearish
- Altimmune call volume above normal and directionally bullish
- Largest borrow rate increases among liquid names
- Altimmune’s Pemvidutide: Promising Phase 2b Results Expected to Boost Shareholder Value
- Closing Bell Movers: Cal-Maine Foods up 5% on Q2 results