Bearish flow noted in Under Armour (UAA) Class A with 10,701 puts trading, or 7x expected. Most active are Jan-27 7.5 puts and Jan-26 5 puts, with total volume in those strikes near 10,600 contracts. The Put/Call Ratio is 36.27, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 15th.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UAA:
- Under Armour Class A put volume heavy and directionally bearish
- Under Armour price target lowered to $8 from $11 at Barclays
- Under Armour (UAA) Continues Its Turnaround Journey …But Challenges Remain
- Under Armour price target lowered to $9 from $11 at Truist
- Under Armour price target lowered to $10 from $12.50 at BofA