Bullish flow in Opendoor Technologies (OPEN), with shares up 57c, or 23.55%, near $2.99. Options volume running well above average with 1.08m contracts traded and calls leading puts for a put/call ratio of 0.19, compared to a typical level near 0.34. Implied volatility (IV30) is up nearly 40.0 points near 198.25, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.37. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Underperform at Keefe Bruyette.
Claim 30% Off TipRanks
New trading tool for OPEN bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OPEN:
- Mixed options sentiment in Opendoor Technologies with shares down 1.62%
- C3 AI downgraded, Capri upgraded: Wall Street’s top analyst calls
- Meme Stock Opendoor Technologies Faces Yet Another Rating Downgrade
- Opendoor Technologies cut to Underperform at Keefe Bruyette on valuation
- From Foes to Allies: The Unlikely Partnership Powering Opendoor’s Comeback