Bearish flow noted in Under Armour Class A with 21,566 puts trading, or 14x expected. Most active are May-24 6.5 puts and 5/24 weekly 6.5 puts, with total volume in those strikes near 20,800 contracts. The Put/Call Ratio is 56.46, while ATM IV is up nearly 9 points on the day. Earnings are expected on May 16th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UAA:
- Under Armour price target lowered to $7 from $8 at Citi
- Down 32%, Is Lululemon Stock (NASDAQ:LULU) a Buy Now?
- Nike nearing endorsement deal with Caitlin Clark, The Athletic reports
- Under Armour Class A call volume above normal and directionally bullish
- Lululemon (NASDAQ:LULU) Slips on Analyst Comparisons to Under Armour
