Bearish flow noted in Tower Semiconductor (TSEM) with 3,493 puts trading, or 9x expected. Most active are Dec-24 43 puts and Dec-24 47 calls, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 2.86, while ATM IV is up over 2 points on the day. Earnings are expected on February 13th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSEM:
- Tower Semiconductor call volume above normal and directionally bullish
- Myriad Metals Reports Promising Drilling Results
- Tower Semiconductor price target raised to $60 from $54 at Craig-Hallum
- Tower Semiconductor price target raised to $60 from $55 at Benchmark
- Tower Semiconductor price target raised to $60 from $55 at Susquehanna