Bearish flow noted in Valley National with 7,746 puts trading, or 3x expected. Most active are Feb-24 8 puts and Mar-24 8 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 5.50, while ATM IV is up over 13 points on the day. Earnings are expected on April 25th.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on VLY:
- Valley National shares to recover in coming days, says Keefe Bruyette
- Valley National selloff on NYCB earnings report ‘misplaced,’ says Citi
- Valley National price target lowered to $12 from $12.50 at Stephens
- Valley National Bancorp Offers Non-Commital Presentation Materials
- Valley National reports Q4 adjusted EPS 22c, consensus 25c