Bearish flow noted in Wayfair (W) with 4,614 puts trading, or 1.4x expected. Most active are 2/7 weekly 44.5 puts and Jan-26 55 puts, with total volume in those strikes near 820 contracts. The Put/Call Ratio is 1.92, while ATM IV is up over 2 points on the day. Earnings are expected on February 20th.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on W:
- Tractor Supply added to ‘Tactical Underperform’ list at Evercore ISI
- Wayfair put volume heavy and directionally bearish
- Wayfair price target raised to $51 from $44 at BofA
- Wayfair call volume above normal and directionally bullish
- Wayfair reinvesting should allow for better long-term profit growth, says Citi
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue