Bearish flow noted in Altria Group with 4,607 puts trading, or 2x expected. Most active are 7/26 weekly 47.5 puts and Sep-24 40 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 2.40, while ATM IV is up over 1 point on the day. Earnings are expected on July 31st.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MO: