Bearish flow noted in Hess Corp. with 1,390 puts trading, or 1.5x expected. Most active are Jan-24 115 puts and Jan-25 75 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 7.55, while ATM IV is up over 1 point on the day. Earnings are expected on January 31st.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HES:
- Chevron upgraded to Buy from Hold at Jefferies
- Hess Corp. price target lowered to $172 from $178 at Mizuho
- Chevron (NYSE:CVX): A Dividend Aristocrat Stock with Solid Upside Potential
- Venezuela said to deploy soldiers amid Guyana threat, Bloomberg reports
- Talos Energy named high bidder on 13 deepwater blocks in Gulf of Mexico