Bearish flow noted in Sweetgreen (SG) with 8,379 puts trading, or 5x expected. Most active are 11/14 weekly 5 puts and Apr-26 10 calls, with total volume in those strikes near 7,500 contracts. The Put/Call Ratio is 2.74, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 6th.
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 SG:
- Sweetgreen price target lowered to $12 from $13 at UBS
- Sweetgreen price target lowered to $8 from $10 at Barclays
- Sweetgreen call volume above normal and directionally bullish
- Sweetgreen price target lowered to $10 from $13 at Morgan Stanley
- Sweetgreen price target lowered to $13 from $19 at Wells Fargo