Bearish flow noted in Corebridge Financial with 3,223 puts trading, or 1.3x expected. Most active are Aug-24 30 puts and Jul-24 30 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 1.78, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 31st.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRBG:
- Corebridge price target lowered to $38 from $40 at BofA
- Corebridge Financial put volume heavy and directionally bearish
- Corebridge price target raised to $35 from $29 at UBS
- Corebridge Financial call volume above normal and directionally bullish
- Corebridge price target raised to $34 from $26 at JPMorgan