Bearish flow noted in CAVA Group (CAVA) Inc with 8,610 puts trading, or 5x expected. Most active are 8/29 weekly 65 puts and Sep-25 65 puts, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 3.91, while ATM IV is up over 2 points on the day. Earnings are expected on August 22nd.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAVA:
- Rivian downgraded, PayPal upgraded: Wall Street’s top analyst calls
- Cava Group price target lowered to $107 from $115 at Morgan Stanley
- Melius starts restaurants with Sells on McDonald’s and Starbucks
- Cava Group initiated with a Hold at Melius Research
- CAVA Group Stock Jumps on New Analyst Coverage & Chipotle Comparison