Bearish flow noted in Calumet (CLMT) Specialty Products with 6,416 puts trading, or 6x expected. Most active are Jan-27 5 puts and 4/4 weekly 13.5 calls, with total volume in those strikes near 6,400 contracts. The Put/Call Ratio is 16.88, while ATM IV is up nearly 6 points on the day. Earnings are expected on May 12th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLMT:
- Calumet price target lowered to $17 from $21 at Goldman Sachs
- Calumet Specialty Products put volume heavy and directionally bearish
- Calumet Announces Retirement of Key Board Members
- Calumet Specialty Products: Hold Rating Amid Declining Stock, Revised EBITDA, and Market Challenges
- Calumet upgraded to Neutral from Sell at UBS