Moderately bullish activity in Block Inc (XYZ), with shares up 64c, or 0.84%, near $76.44. Options volume relatively light with 13k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.64. Implied volatility (IV30) is higher by 0.6 points near 37.41,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.80. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XYZ:
- ‘A Whole Lot Happening,’ Says TD Cowen About Block Stock
- Bryan Bergin Reiterates Buy Rating for Block, Citing Strategic Growth and Confidence in Execution
- Cathie Wood Buys Deere Stock (DE) on Post-Earnings Dip, Builds Stakes in Exact Sciences and Robinhood Stocks
- Private Markets: Perplexity seeks funding at $20B post-money valuation
- Crypto Currents: Circle Internet, Bakkt report Q2 earnings