Bearish flow noted in Baxter with 2,434 puts trading, or 2x expected. Most active are Jun-24 32.5 puts and 5/31 weekly 36 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 16.45, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 25th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAX:
- Baxter says Vantive separation expected in second half of 2024
- FDA approves Baxter’s Clinolipid neonatal and pediatric Iindication
- Warner Bros. upgraded, Cerence downgraded: Wall Street’s top analyst calls
- Baxter downgraded to Hold from Buy at TD Cowen
- Baxter International’s Governance and Executive Decisions at 2024 Meeting