Bearish flow noted in Kingsoft Cloud (KC) Holdings with 1,810 puts trading, or 6x expected. Most active are May-25 12.5 puts and May-25 10 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 2.80, while ATM IV is up nearly 6 points on the day. Earnings are expected on May 21st.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you 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 KC:
- Kingsoft Cloud Prices Public Equity Offering to Raise $260.7 Million
- Kingsoft Cloud prices 18.5M ADSs at $11.27 in underwritten public offering
- Kingsoft Cloud files to sell ordinary shares, no amount given
- Kingsoft Cloud announces offering of 18.5M American depositary shares
- Kingsoft Cloud Holdings put volume heavy and directionally bearish