Bullish option flow detected in Brighthouse Financial (BHF) with 9,353 calls trading, 1.4x expected, and implied vol increasing almost 3 points to 70.71%. Dec-25 50 calls and Nov-25 55 calls are the most active options, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 0.17. Earnings are expected on November 6th.
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- Sixth Street in talks to buy Brighthouse for about $55 per share, Reuters says
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- Brighthouse Financial price target lowered to $55 from $65 at Evercore ISI
- Brighthouse Financial price target raised to $46 from $42 at Morgan Stanley
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