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.
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Read More on NU:
- Nu double upgraded, Novavax downgraded: Wall Street’s top analyst calls
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