Bearish flow noted in Fastly Inc with 1,211 puts trading, or 3x expected. Most active are 10/11 weekly 7 puts and 10/11 weekly 7.5 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 2.28, while ATM IV is up over 1 point on the day. Earnings are expected on November 6th.
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Read More on FSLY:
- Fastly downgraded to Market Perform from Strong Buy at Raymond James
- Fastly Inc call volume above normal and directionally bullish
- Unusually active option classes on open September 17th
- Fastly price target lowered to $7 from $12 at Morgan Stanley
- Fastly on activist watch after changing bylaws, Dealreporter says
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