Atlassian put volume heavy and directionally bearish
The Fly

Atlassian put volume heavy and directionally bearish

Bearish flow noted in Atlassian with 2,587 puts trading, or 2x expected. Most active are 9/22 weekly 190 puts and 9/22 weekly 185 puts, with total volume in those strikes near 530 contracts. The Put/Call Ratio is 1.71, while ATM IV is up over 2 points on the day. Earnings are expected on November 2nd.

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 TEAM:

Related Articles
TheFlyDA Davidson tech analysts hold an analyst/industry conference call
TheFlyStockTok: DOJ vows to stop pressuring social media companies to censor content
TheFlyAtlassian-unit Loom acquires AI-powered virtual meeting firm Rewatch
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App