Bullish option flow detected in Coterra Energy with 1,343 calls trading, 1.2x expected, and implied vol increasing almost 11 points to 49.07%. Aug-24 26 calls and 7/26 weekly 26 calls are the most active options, with total volume in those strikes near 910 contracts. The Put/Call Ratio is 0.45. Earnings are expected on August 1st.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTRA:
- Coterra Energy price target lowered to $34 from $35 at Truist
- Coterra Energy reinstated with an Outperform at Wolfe Research
- Coterra Energy initiated with an Outperform at Wolfe Research
- Coterra Energy put volume heavy and directionally bearish
- Oil stocks are the antidote to Nvidia, rest of Big Tech, Barron’s says