Bearish flow noted in GSK (GSK) Pharma with 8,841 puts trading, or 3x expected. Most active are 7/25 weekly 36.5 puts and 7/25 weekly 35 puts, with total volume in those strikes near 8,600 contracts. The Put/Call Ratio is 17.23, while ATM IV is up over 1 point on the day. Earnings are expected on July 30th.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GSK:
- GSK price target lowered to 1,290 GBp from 1,355 GBp at Morgan Stanley
- GSK’s Promising Phase 2 Study on IPF Drug GSK3915393: Market Implications
- GlaxoSmithKline Downgraded to Sell Amid Blenrep Sales Decline and Earnings Adjustments
- GSK’s Long-term Study on CAB LA for HIV Prevention: Key Insights for Investors
- GSK’s New COPD Drug Study: What Investors Need to Know