Bearish flow noted in NEWSMAX (NMAX) INC with 2,200 puts trading, or 3x expected. Most active are 6/6 weekly 20 puts and 5/30 weekly 22 puts, with total volume in those strikes near 880 contracts. The Put/Call Ratio is 1.78, while ATM IV is up over 4 points on the day. Earnings are expected on August 7th.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NMAX: