Bearish flow noted in Axos Financial with 4,725 puts trading, or 3x expected. Most active are Nov-23 35 puts and Nov-23 37.5 puts, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 42.95, while ATM IV is up nearly 9 points on the day. Earnings are expected on January 25th.
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- Axos Financial falls -8.7%
- Axos Financial put volume heavy and directionally bearish
- Axos Financial price target lowered to $51 from $52 at Piper Sandler
- Axos Financial reports Q1 EPS $1.41, consensus $1.36
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