Bearish flow noted in Gitlab (GTLB) with 3,307 puts trading, or 1.2x expected. Most active are 12/27 weekly 58 puts and Jan-25 54 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 1.92, while ATM IV is up nearly 4 points on the day. Earnings are expected on March 3rd.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GTLB:
- Cathie Wood’s ARK Investment bought 220K shares of GitLab today
- Cathie Wood’s ARK Investment buys 78.2K shares of GitLab today
- ‘This Is a Great Buying Point,’ Says Analyst About These 2 ‘Strong Buy’ Software Stocks
- Adobe downgraded, Charter upgraded: Wall Street’s top analyst calls
- GitLab initiated with an Outperform at Macquarie