Bullish option flow detected in Redfin (RDFN) with 10,940 calls trading, 2x expected, and implied vol increasing over 1 point to 72.97%. Jan-26 5 puts and Aug-25 17 calls are the most active options, with total volume in those strikes near 6,900 contracts. The Put/Call Ratio is 0.60. Earnings are expected on March 3rd.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDFN:
- Redfin price target lowered to $9 from $10.50 at Citi
- Redfin says U.S. pending home sales up 12.1% in four weeks ending Nov. 24
- DOJ says realtor group settlement could harm competition, Reuters reports
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Redfin call volume above normal and directionally bullish