Bullish option flow detected in Estee Lauder (EL) with 4,709 calls trading, 1.7x expected, and implied vol increasing over 7 points to 67.22%. 4/10 weekly 68.5 calls and Apr-26 75 calls are the most active options, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 0.35. Earnings are expected on May 1st.
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Read More on EL:
- Estee Lauder price target lowered to $108 from $124 at Deutsche Bank
- Somnigroup, Estee Lauder removed from from ‘US 1 List’ at BofA
- Estee Lauder price target lowered to $80 from $100 at Canaccord
- Buy Rating on Potential Estée Lauder–Puig Merger: Transformational Scale, Synergies, and Valuation Upside in Global Beauty
- Midday Fly By: Estee Lauder in deal talks with Puig, Smithfield reports Q4 beat
