Mixed options sentiment in Opendoor Technologies (OPEN), with shares down 4c near $2.43. Options volume relatively light with 307k contracts traded and calls leading puts for a put/call ratio of 0.21, compared to a typical level near 0.33. Implied volatility (IV30) dropped 0.32 near 158.02,in the top quartile of the past year, suggesting an expected daily move of $0.24. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Underperform at Keefe Bruyette.
Claim 30% Off TipRanks
Forget margin or options. Here's how the pros trade OPENPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OPEN:
- C3 AI downgraded, Capri upgraded: Wall Street’s top analyst calls
- Meme Stock Opendoor Technologies Faces Yet Another Rating Downgrade
- Opendoor Technologies cut to Underperform at Keefe Bruyette on valuation
- From Foes to Allies: The Unlikely Partnership Powering Opendoor’s Comeback
- Opendoor downgraded to Underperform from Market Perform at Keefe Bruyette