Bearish flow noted in Symbiotic with 5,718 puts trading, or 1.8x expected. Most active are 8/23 weekly 20 puts and Sep-24 20 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 5.12, while ATM IV is up over 1 point on the day. Earnings are expected on November 25th.
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>>
Read More on SYM:
- Symbotic Inc. Class Action: Levi & Korsinsky LLP Reminds Symbotic Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 14, 2024 – SYM
- Symbiotic put volume heavy and directionally bearish
- Symbotic Acquires Veo Robotics to Enhance Efficiency and Safety Innovation
- Symbotic acquires Veo Robotics in $8.7M transaction
- Symbotic price target lowered to $47 from $60 at DA Davidson