Bearish flow noted in HollyFrontier with 3,449 puts trading, or 5x expected. Most active are Jun-26 65 puts and Jun-26 60 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 4.22, while ATM IV is up nearly 3 points on the day. Earnings are expected on July 30th.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DINO:
- The Week That Was, The Week Ahead: Macro and Markets, May 10
- HF Sinclair price target raised to $81 from $72 at Goldman Sachs
- HF Sinclair price target raised to $80 from $65 at UBS
- HF Sinclair price target raised to $69 from $66 at Morgan Stanley
- HF Sinclair price target raised to $80 from $68 at TD Cowen