Bearish flow noted in EchoStar (SATS) with 2,760 puts trading, or 1.6x expected. Most active are Jun-25 18 puts and Jul-25 19 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 67.32, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 7th.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SATS:
- EchoStar confirms FCC letter to company, Ergen makes statement
- FCC Reviews EchoStar’s 5G Compliance Amid Concerns
- FCC threatens Ergen’s hold on satellite, 5G spectrum licenses, WSJ says
- EchoStar price target lowered to $28 from $32 at TD Cowen
- Echostar’s Strong Wireless Growth and Strategic Flexibility Justify Buy Rating