Bearish flow noted in Diamondback Energy with 6,745 puts trading, or 5x expected. Most active are Aug-23 145 puts and Sep-23 145 puts, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 1.76, while ATM IV is up over 1 point on the day. Earnings are expected on November 6th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FANG:
- Diamondback Energy price target raised to $191 from $174 at Mizuho
- Diamondback Energy price target raised to $191 from $185 at Piper Sandler
- Diamondback Energy put volume heavy and directionally bearish
- Diamondback Energy declares dividend of 84c per share
- Diamondback Energy raises FY23 oil production view to 440 MBOE/d from 435 MBO