Bearish flow noted in Valley National with 2,787 puts trading, or 1.2x expected. Most active are Oct-24 8 puts and Jan-25 3 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 87.09, while ATM IV is up over 2 points on the day. Earnings are expected on July 25th.
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Read More on VLY:
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- Valley National Bancorp to Announce First Quarter 2024 Earnings
- Valley National price target lowered to $10 from $12 at RBC Capital
