Bearish flow noted in Mondelez with 22,883 puts trading, or 17x expected. Most active are Jun-24 55 puts and 10/13 weekly 62 puts, with total volume in those strikes near 19,100 contracts. The Put/Call Ratio is 9.23, while ATM IV is up over 1 point on the day. Earnings are expected on October 31st.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MDLZ:
- Mondelez put volume heavy and directionally bearish
- America’s food giants forced to confront Ozempic, weight loss drugs, WSJ says
- Novo Nordisk’s (NYSE:NVO) Ozempic Versus Snack Companies: The Debate Continues
- Mondelez price target lowered to $86 from $89 at Goldman Sachs
- Mondelez call volume above normal and directionally bullish
