Bearish flow noted in PG&E with 6,873 puts trading, or 1.1x expected. Most active are Sep-23 16 puts and 8/25 weekly 17 calls, with total volume in those strikes near 6,700 contracts. The Put/Call Ratio is 2.66, while ATM IV is up over 2 points on the day. Earnings are expected on November 2nd.
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 PCG: