Bearish flow noted in Valley National with 12,983 puts trading, or 4x expected. Most active are Jun-24 6 puts and May-24 8 calls, with total volume in those strikes near 10,400 contracts. The Put/Call Ratio is 6.40, while ATM IV is up nearly 3 points on the day. Earnings are expected on April 25th.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VLY:
- Valley National Bancorp to Announce First Quarter 2024 Earnings
- Valley National price target lowered to $10 from $12 at RBC Capital
- Valley National files automatic mixed securities shelf
- Valley National price target lowered to $9 from $12 at JPMorgan
- Valley National call volume above normal and directionally bullish