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.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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