Bearish flow noted in Lumen (LUMN) Technologies with 5,934 puts trading, or 3x expected. Most active are Mar-26 7 puts and Mar-26 7.5 calls, with total volume in those strikes near 5,300 contracts. The Put/Call Ratio is 5.38, while ATM IV is up over 2 points on the day. Earnings are expected on April 30th.
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 LUMN:
- Lumen Technologies Announces Leadership Transition and New President
- Lumen chair Mike Glenn to retire, Kevin Chilton to succeed
- Bullish on AT&T Stock (T) as Fiber and Cost Cuts Boost the Cash Flow Outlook
- Private Markets: Five high growth tech companies announce new rounds
- Maintaining Hold on Lumen: Clearer Strategy but Limited Visibility Keeps Turnaround Story Unproven