Bearish flow noted in Lemonade with 5,330 puts trading, or 6x expected. Most active are Dec-24 11 puts and Jan-26 20 calls, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 1.52, while ATM IV is up over 3 points on the day. Earnings are expected on July 31st.
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 LMND: