Bearish flow noted in SAP (SAP) with 3,195 puts trading, or 1.6x expected. Most active are 3/27 weekly 190 calls and 3/27 weekly 192.5 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.59, while ATM IV is up over 1 point on the day. Earnings are expected on April 23rd.
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 SAP:
- SAP: Undervalued AI-Resilient ERP Leader with Multi-Engine Growth Through 2027 Supporting a Buy Rating
- DA Davidson technology analysts hold an analyst/industry conference call
- SAP price target lowered to EUR 225 from EUR 280 at Citi
- SAP price target lowered to EUR 290 from EUR 300 at Rothschild & Co Redburn
- The AI Threat to Software Stocks Is Real, Warns Bank of America (BAC)