Bearish flow noted in Samsara (IOT) with 5,640 puts trading, or 2x expected. Most active are 5/30 weekly 40 puts and 5/30 weekly 44 calls, with total volume in those strikes near 6,300 contracts. The Put/Call Ratio is 2.69, while ATM IV is up nearly 12 points on the day. Earnings are expected on June 5th.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IOT:
- Samsara price target lowered to $50 from $56 at Morgan Stanley
- Samsara price target lowered to $44 from $50 at Piper Sandler
- Samsara Announces Retirement of Chief Accounting Officer
- ‘Multi-Day Relief Rally Could Be Ahead’: BMO Recommends 2 Stocks to Buy Ahead of Potential Rebound
- Samsara, Airbnb, CME, Sherwin-Williams, KeyCorp: Trending by Analysts