Bearish flow noted in Scorpio Tankers with 5,763 puts trading, or 4x expected. Most active are Mar-24 60 puts and Jun-24 60 puts, with total volume in those strikes near 4,900 contracts. The Put/Call Ratio is 1.57, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 30th.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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 president purchases call options
- Scorpio Tankers Inc. Announces Purchase of Call Options by the President of the Company
- Scorpio Tankers price target raised to $90 from $80 at B. Riley
- Scorpio Tankers Inc. Announces Financial Results for the Fourth Quarter of 2023 and an Increase to its Quarterly Dividend
- Scorpio Tankers reports Q4 adjusted EPS $2.75, consensus $2.63