Bearish flow noted in Weibo (WB) with 4,146 puts trading, or 3x expected. Most active are Jan-26 6.7 puts and 5/9 weekly 8 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 13.87, while ATM IV is up over 13 points on the day. Earnings are expected on May 22nd.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WB:
- Weibo’s Strategic Investments and Financial Growth Drive ‘Buy’ Rating
- Weibo Corp’s Earnings Call: Mixed Sentiment and Future Growth
- Weibo’s Financial Outlook: Sell Rating Amid Declining Advertising Revenue and Macroeconomic Uncertainties
- Weibo Reports Stable 2024 Financial Results and Dividend
- Weibo price target raised to $12.10 from $10.90 at Jefferies