Bearish flow noted in Genius Sports (GENI) with 7,788 puts trading, or 62x expected. Most active are Jul-25 7.5 puts and Apr-25 12.5 calls, with total volume in those strikes near 8,000 contracts. The Put/Call Ratio is 8.85, while ATM IV is up nearly 4 points on the day. Earnings are expected on May 8th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GENI:
- Genius Sports management to meet with Citizens JMP
- Guggenheim starts Genius Sports with a Buy amid ‘strong secular tailwinds’
- Genius Sports initiated with a Buy at Guggenheim
- Genius Sports ‘ideal’ way to participate in sports betting, says B. Riley
- Analysts Bullish on Genius Sports (GENI) Despite Losses