Bearish flow noted in Dutch Bros with 1,869 puts trading, or 3x expected. Most active are Aug-24 30 puts and Aug-24 40 calls, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 2.16, while ATM IV is up over 4 points on the day. Earnings are expected on August 7th.
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