Bearish flow noted in Samsara (IOT) with 3,848 puts trading, or 2x expected. Most active are 5/1 weekly 29.5 puts and 4/24 weekly 28.5 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 2.34, while ATM IV is up over 1 point on the day. Earnings are expected on June 4th.
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 IOT: