Bullish option flow detected in Nordstrom with 7,103 calls trading, 5x expected, and implied vol increasing almost 4 points to 74.05%. Nov-23 14.5 calls and Nov-23 15.5 calls are the most active options, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 0.30. Earnings are expected on November 21st.
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Read More on JWN:
- Nordstrom price target lowered to $18 from $22 at Deutsche Bank
- Nordstrom initiated with an In Line at Evercore ISI
- TD Cowen retail/luxury analysts to hold an analyst/industry conference call
- Nordstrom price target lowered to $19 from $22 at KeyBanc
- Nordstrom put volume heavy and directionally bearish
