Bearish flow noted in Planet Fitness with 4,408 puts trading, or 11x expected. Most active are Apr-24 57.5 puts and May-24 47.5 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 38.67, while ATM IV is up over 6 points on the day. Earnings are expected on May 2nd.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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 PLNT:
- Planet Fitness price target raised to $80 from $74 at RBC Capital
- Planet Fitness price target lowered to $72 from $75 at JPMorgan
- Morgan Stanley trims Planet Fitness price target, says ‘buy the dip’
- Planet Fitness weakness an ‘incremental buying opportunity,’ says Guggenheim
- Planet Fitness price target lowered to $70 from $72 at Macquarie