Bearish flow noted in PacWest Bancorp with 7,219 puts trading, or 5x expected. Most active are Nov-23 6 puts and 11/3 weekly 6 puts, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 4.00, while ATM IV is up nearly 5 points on the day. Earnings are expected on October 24th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PACW: