Bearish flow noted in Western Digital (WDC) with 21,511 puts trading, or 1.5x expected. Most active are Oct-25 100 puts and 9/26 weekly 105 puts, with total volume in those strikes near 11,900 contracts. The Put/Call Ratio is 2.83, while ATM IV is up over 1 point on the day. Earnings are expected on October 23rd.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WDC:
- Seagate price target raised to $255 from $215 at BofA
- Western Digital price target raised to $141 from $123 at BofA
- Western Digital price target raised to $160 from $85 at Cantor Fitzgerald
- Western Digital price target raised to $120 from $87 at Mizuho
- SMCI, AAPL, or DELL: Bernstein Picks the Top AI Hardware Stocks