Bearish flow noted in Annaly Capital (NLY) with 3,557 puts trading, or 1.1x expected. Most active are Apr-25 16 puts and Jul-25 17 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 3.54, while ATM IV is up nearly 5 points on the day. Earnings are expected on April 30th.
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Read More on NLY:
- Annaly Capital price target lowered to $20.15 from $21 at Keefe Bruyette
- Annaly Capital put volume heavy and directionally bearish
- Annaly Capital call volume above normal and directionally bullish
- Unusually active option classes on open March 13th
- Annaly Capital increases quarterly cash dividend to 70c per share