Bearish flow noted in Union Pacific with 1,230 puts trading, or 1.3x expected. Most active are 6/28 weekly 220 puts and 7/5 weekly 217.5 puts, with total volume in those strikes near 980 contracts. The Put/Call Ratio is 2.39, while ATM IV is up over 1 point on the day. Earnings are expected on August 1st.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UNP:
- North American rail traffic up 2.8% for the week ending June15
- Trade Desk initiated, Best Buy upgraded: Wall Street’s top analyst calls
- Union Pacific downgraded to Hold from Buy at Loop Capital
- North American rail traffic up 2.8% for the week ending June 8
- Union Pacific initiated with an Overweight at Wells Fargo