Bearish flow noted in Revolution Medicines (RVMD) with 3,163 puts trading, or 1.0x expected. Most active are Mar-26 90 puts and Mar-26 105 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 4.18, while ATM IV is up over 2 points on the day. Earnings are expected on May 6th.
Claim 55% 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 RVMD:
- Revolution Medicines assumed with a Buy at UBS
- Tango Therapeutics weakness an ‘over reaction,’ says Stifel
- Revolution Medicines price target lowered to $140 from $143 at Mizuho
- Revolution Medicines price target raised to $120 from $75 at Piper Sandler
- Revolution Medicines price target raised to $115 from $109 at BofA