Bullish option flow detected in Organon and Co with 1,658 calls trading, 3x expected, and implied vol increasing over 8 points to 52.37%. Dec-23 12.5 calls and Jan-24 10 puts are the most active options, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 0.34. Earnings are expected on February 15th.
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Read More on OGN:
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- Organon downgraded to Neutral from Buy at Goldman Sachs
- Organon reports Q3 EPS 87c, consensus $1.07
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