Bearish flow noted in Frontier Communications with 3,139 puts trading, or 6x expected. Most active are Dec-25 7.5 puts and Oct-23 15 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 29.06, while ATM IV is up over 1 point on the day.
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Read More on FYBR:
- Frontier Communications price target lowered to $33 from $35 at JPMorgan
- Frontier Communications to relocate headquarters to Dallas
- Frontier Communications call volume above normal and directionally bullish
- Frontier Communications backs FY23 adjusted EBITDA view $2.11B-$2.16B
- Frontier Communications reports Q2 EPS (1c), consensus (2c)