Bearish flow noted in Victoria’s Secret with 2,329 puts trading, or 2x expected. Most active are Aug-24 16 puts and Jul-24 19 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 4.41, while ATM IV is up over 2 points on the day. Earnings are expected on August 28th.
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Read More on VSCO:
- Victoria’s Secret Shareholders Endorse Expansion and Leadership
- Victoria’s Secret’s (NYSE:VSCO) Attempts to Revive Iconic Brand
- Victoria’s Secret call volume above normal and directionally bullish
- Victoria’s Secret price target raised to $24 from $20 at Telsey Advisory
- Victoria’s Secret price target raised to $19 from $16 at Barclays
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