Bearish flow noted in LyondellBasell (LYB) with 1,614 puts trading, or 1.4x expected. Most active are May-25 45 puts and Apr-25 80 calls, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 2.27, while ATM IV is up over 1 point on the day. Earnings are expected on April 25th.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYB:
- LyondellBasell price target lowered to $65 from $82 at Mizuho
- LyondellBasell price target lowered to $70 from $85 at Wells Fargo
- LyondellBasell downgraded to Sector Perform from Outperform at RBC Capital
- LyondellBasell price target lowered to $67 from $84 at Piper Sandler
- LyondellBasell downgraded to Sell from Neutral at UBS