Bearish flow noted in Shell (SHEL) PLC with 7,673 puts trading, or 4x expected. Most active are Jun-25 57.5 puts and May-25 52.5 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 2.89, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 2nd.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHEL:
- Shell price target lowered to $83 from $87 at Wells Fargo
- Shell price target lowered to $76 from $82 at TD Cowen
- Shell’s Resilience and Strong Financial Position Justify Buy Rating
- CVX, XOM, SHEL: Oil Prices Fall Below $60 a Barrel as Recession Fears Spike
- Shell lowers Q1 lowers its integrated gas production estimate