Bearish flow noted in Franklin Resources with 2,497 puts trading, or 1.9x expected. Most active are Oct-24 20 puts and Oct-24 22.5 calls, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 2.20, while ATM IV is up over 3 points on the day. Earnings are expected on October 29th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BEN: