Bearish flow noted in Axos Financial with 4,089 puts trading, or 1.1x expected. Most active are Dec-23 27.5 puts and Nov-23 35 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 18.42, while ATM IV is up nearly 4 points on the day. Earnings are expected on January 25th.
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Read More on AX:
- Axos Financial price target lowered to $51 from $52 at Piper Sandler
- Axos Financial reports Q1 EPS $1.41, consensus $1.36
- Axos Financial options imply 7.0% move in share price post-earnings
- Is AX a Buy, Before Earnings?
- Axos Financial call volume above normal and directionally bullish
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