Bearish flow noted in GSK (GSK) Pharma with 1,627 puts trading, or 1.2x expected. Most active are May-25 38.5 puts and May-25 38 puts, with total volume in those strikes near 800 contracts. The Put/Call Ratio is 1.86, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 30th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GSK:
- Largest borrow rate increases among liquid names
- Trump to sign order streamlining U.S. drug manufacturing regulations, WaPo says
- Trump urges drugmakers to accept lower prices on prescriptions, Bloomberg says
- GlaxoSmithKline (GSK) Unveils Dividend Details for Q3: Mark Your Calendar!
- GSK price target lowered to 1,460 GBp from 1,500 GBp at JPMorgan