Moderately bullish activity in Galaxy Digital Inc. – Class A common stock (GLXY), with shares up 48c, or 1.31%, near $37.00. Options volume relatively light with 8534 contracts traded and calls leading puts for a put/call ratio of 0.7, compared to a typical level near 1.64. Implied volatility (IV30) is higher by 0.9 points near 89.84,and above the 52wk median, suggesting an expected daily move of $2.09. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 GLXY:
- Crypto Currents: Bitcoin Depot acquires National Bitcoin ATM assets
- Crypto Currents: JPMorgan eyes $165,000 bitcoin as Avalanche unit goes public
- Galaxy Digital price target raised to $42 from $36 at Piper Sandler
- K Wave Media plans to launch entertainment tokenization platform
- Galaxy Digital: Undervalued Growth Opportunity with Expanding HPC Capacity and Strong Crypto Business