Bearish flow noted in Weibo with 1,180 puts trading, or 2x expected. Most active are Jan-26 6.7 puts and 9/27 weekly 7 puts, with total volume in those strikes near 740 contracts. The Put/Call Ratio is 11.13, while ATM IV is up over 2 points on the day. Earnings are expected on November 7th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WB: