Bearish flow noted in Suncor with 2,184 puts trading, or 2x expected. Most active are Jul-24 38 puts and Sep-24 42 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 2.43, while ATM IV is up over 2 points on the day. Earnings are expected on August 21st.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SU: