Bearish flow noted in International Paper with 4,227 puts trading, or 5x expected. Most active are 4/26 weekly 38 puts and May-24 37.5 puts, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 25.77, while ATM IV is up nearly 3 points on the day. Earnings are expected on April 25th.
Claim 30% 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 IP:
- UK Stocks: DS Smith (SMDS) Shares Soar on New Takeover Offer, Bidding War Looms
- International Paper confirms talks with DS Smith about possible offer
- DS Smith confirms talks with International Paper about proposal
- International Paper considering GBP 5B+ bid for DS Smith, Sky News reports
- International Paper falls 1% after Sky report of possible DS Smith bid