Charles Schwab put volume heavy and directionally bearish

Bearish flow noted in Charles Schwab with 10,252 puts trading, or 1.9x expected. Most active are Oct-24 62.5 puts and 9/27 weekly 51 puts, with total volume in those strikes near 6,600 contracts. The Put/Call Ratio is 8.83, while ATM IV is up over 1 point on the day. Earnings are expected on October 15th.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue