Bearish flow noted in Newsmax (NMAX) Inc. with 1,386 puts trading, or 3x expected. Most active are 6/27 weekly 14 puts and 6/13 weekly 13 puts, with total volume in those strikes near 580 contracts. The Put/Call Ratio is 1.80, while ATM IV is up nearly 9 points on the day. Earnings are expected on August 7th.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NMAX: