Moderately bullish activity in Nu Holdings (NU), with shares up 52c, or 4.0%, near $13.64. Options volume running well above average with 100k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.51. Implied volatility (IV30) is higher by 1.7 points near 37.51,in the bottom quartile of the past year, suggesting an expected daily move of $0.32. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at BTG Pactual.
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 NU:
- Nu double upgraded, Novavax downgraded: Wall Street’s top analyst calls
- Nu Holdings double-upgraded to Buy at Citi on potential earnings acceleration
- Nu Holdings double-upgraded to Buy from Sell at Citi
- Option traders moderately bearish in Nu Holdings with shares down 1.54%
- Nu Holdings upgraded to Buy from Neutral at BTG Pactual