Bearish flow noted in Teva with 1,319 puts trading, or 1.1x expected. Most active are 7/26 weekly 16.5 puts and Sep-24 18 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 2.65, while ATM IV is up nearly 3 points on the day. Earnings are expected on July 31st.
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 TEVA: