Bearish flow noted in Splunk with 3,310 puts trading, or 1.0x expected. Most active are Oct-23 145 puts and 9/29 weekly 145 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 2.27, while ATM IV is up over 1 point on the day. Earnings are expected on November 29th.
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 SPLK:
- Splunk downgraded to Peer Perform from Outperform at Wolfe Research
- DA Davidson tech/software analysts to hold analyst/industry conference call
- Unusually active option classes on open September 22nd
- Wayfair upgraded, Deere downgraded: Wall Street’s top analyst calls
- Splunk price target raised to $157 from $130 at Truist