Bearish flow noted in Scorpio Tankers with 2,217 puts trading, or 1.5x expected. Most active are Aug-24 70 puts and 8/2 weekly 69 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 1.65, while ATM IV is up nearly 3 points on the day. Earnings are expected on July 30th.
Elevate Your Investing Strategy:
- 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 STNG:
- Scorpio Tankers price target raised to $86 from $84 at Stifel
- Scorpio Tankers price target lowered to $82 from $85 at BofA
- Scorpio Tankers price target raised to $100 from $99 at Evercore ISI
- Scorpio Tankers Schedules Q2 2024 Earnings Release
- Scorpio Tankers Inc. Announces That on July 30, 2024, the Company Plans to Issue Its Second Quarter 2024 Results and Have a Conference Call