Bearish flow noted in Planet Fitness with 1,989 puts trading, or 4x expected. Most active are Apr-24 55 puts and Apr-24 50 puts, with total volume in those strikes near 710 contracts. The Put/Call Ratio is 5.28, while ATM IV is up nearly 4 points on the day. Earnings are expected on May 2nd.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLNT:
- ‘Buy the Dip,’ Says Stifel About Planet Fitness Stock
- Morgan Stanley buyers of Planet Fitness at current levels
- Planet Fitness (NYSE:PLNT) Sinks as New Boycott Threat Emerges
- Stifel says ‘market likely overreacting’ to Planet Fitness social media backlash
- Planet Fitness put volume heavy and directionally bearish
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue