Bearish flow noted in HSBC with 4,301 puts trading, or 1.1x expected. Most active are Oct-23 39 puts and Dec-23 37 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 8.07, while ATM IV is up over 11 points on the day. Earnings are expected on October 30th.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HSBC:
- Crucial 2024 ECB projection to put inflation above 3%, Reuters says
- HSBC assumed at Buy from Neutral at Goldman Sachs
- HSBC adds six members to global research team, Reuters reports
- Investors seek damages from Glencore over prospectus statements, FT says
- UBS downgrades HSBC to Neutral, sees ‘tough sledding ahead’