Moderately bullish activity in Opendoor Technologies (OPEN), with shares up 26c, or 8.55%, near $3.30. Options volume running well above average with 745k contracts traded and calls leading puts for a put/call ratio of 0.17, compared to a typical level near 0.35. Implied volatility (IV30) is higher by 2.5 points near 200.22, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.42. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Underperform at Keefe Bruyette.
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- Bullish flow in Opendoor Technologies with shares up 23.55%
- Mixed options sentiment in Opendoor Technologies with shares down 1.62%