Bearish flow noted in Redfin with 1,149 puts trading, or 1.2x expected. Most active are Jan-26 5 puts and Jan-25 7 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 1.97, while ATM IV is up over 2 points on the day. Earnings are expected on May 7th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDFN:
- Unusually active option classes on open April 23rd
- Redfin put volume heavy and directionally bearish
- Zillow, Redfin to weather storm as real estate commissions fall, Barron’s says
- Appeals court says DOJ can reopen antitrust probe into NAR, Bloomberg reports
- National Association of Realtors confirms $418M commission settlement