Bearish flow noted in Scorpio Tankers with 3,326 puts trading, or 4x expected. Most active are 2/23 weekly 65 puts and 1/26 weekly 67 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 3.16, while ATM IV is up over 1 point on the day. Earnings are expected on February 15th.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on STNG:
- Scorpio Tankers price target raised to $72 from $70 at BofA
- Scorpio Tankers price target raised to $70 from $68 at BofA
- Scorpio Tankers Inc. Announces an Agreement to Sell an MR Product Tanker and the Exercise of Purchase Options on Five Ships
- Scorpio Tankers to sell an MR Tanker and excercise purchase options on 5 tankers
- Scorpio Tankers price target raised to $74 from $70 at Deutsche Bank
