Bearish flow noted in XP Inc with 7,777 puts trading, or 10x expected. Most active are 1/24 weekly 11 puts and 1/24 weekly 10 puts, with total volume in those strikes near 5,300 contracts. The Put/Call Ratio is 30.03, while ATM IV is up over 16 points on the day. Earnings are expected on February 25th.
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Read More on XP:
- XP Inc. downgraded to Neutral from Outperform at Grupo Santander
- XP Inc. price target lowered to $18 from $21 at Morgan Stanley
- XP Inc put volume heavy and directionally bearish
- XP Inc call volume above normal and directionally bullish
- Santander Brasil, XP show interest Julius Baer unit, Bloomberg says