Bearish flow noted in International Paper with 1,114 puts trading, or 1.7x expected. Most active are Oct-24 46.5 puts and Jan-25 45 puts, with total volume in those strikes near 650 contracts. The Put/Call Ratio is 5.74, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 31st.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IP:
- International Paper price target raised to $52 from $45 at Wells Fargo
- International Paper call volume above normal and directionally bullish
- Truist says Cascades news positive for Packaging Corp., International Paper
- International Paper Welcomes New Chairman Andy Silvernail
- International Paper elects Andy Silvernail as board chairman