Bearish flow noted in Philip Morris with 4,086 puts trading, or 1.1x expected. Most active are Dec-24 110 puts and 10/25 weekly 125 calls, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 1.56, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 22nd.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PM:
- Unusually active option classes on open October 2nd
- Philip Morris price target raised to $135 from $118 at Deutsche Bank
- Philip Morris expects to record $220M loss associated with Vectura sale
- M&A News: Philip Morris (NYSE:PM) Will Sell Vectura for $198M
- Philip Morris Boosts Dividend, Expands Smoke-Free Portfolio