Bearish flow noted in Skyworks with 6,226 puts trading, or 9x expected. Most active are Sep-23 94 puts and Oct-23 90 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 2.49, while ATM IV is up nearly 5 points on the day. Earnings are expected on November 2nd.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SWKS:
- Apple (NASDAQ:AAPL) Dips despite Citi Praise
- Citi continues to recommend Apple shares into iPhone 15 launch
- Skyworks price target raised to $125 from $107 at Piper Sandler
- Skyworks price target raised to $102 from $93 at B. Riley
- Skyworks shares seen flat at Needham on limited iPhone 15 content gains