Bearish flow noted in Dropbox with 1,570 puts trading, or 1.5x expected. Most active are Apr-24 21.5 puts and Oct-24 29 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 12.46, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 2nd.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DBX: