Bearish flow noted in Zillow (Z) with 2,204 puts trading, or 2x expected. Most active are 8/1 weekly 81 puts and 8/1 weekly 80 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 4.28, while ATM IV is up nearly 3 points on the day. Earnings are expected on August 6th.
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 Z:
- CoStar Group files copyright infringement lawsuit against Zillow
- Zillow put volume heavy and directionally bearish
- This Is Why Opendoor Stock (OPEN) Has Surged 180% in the Past Week
- Zillow Group price target raised to $75 from $60 at Wells Fargo
- Zillow Group Class A: Hold Rating Amid Mixed Signals and Cautious Outlook