Bullish option flow detected in Coupang (CPNG) with 6,062 calls trading, 1.2x expected, and implied vol increasing almost 4 points to 37.38%. 1/2 weekly 24 calls and 1/2 weekly 23.5 calls are the most active options, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 0.33. Earnings are expected on February 24th.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPNG:
- Midday Fly By: Warner Bros. urges investors to reject Paramount bid
- Coupang CEO fails to attend South Korean hearing on data breach, Reuters reports
- Coupang put volume heavy and directionally bearish
- Coupang price target lowered to $31 from $35 at Morgan Stanley
- Coupang’s Resilience and Growth Prospects Amid Regulatory Challenges: A Buy Recommendation