Bearish flow noted in Boston Properties with 3,827 puts trading, or 1.7x expected. Most active are May-23 40 puts and Apr-23 50 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 21.99, while ATM IV is up nearly 3 points on the day. Earnings are expected on April 25th.
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Read More on BXP:
- Boston Properties price target lowered to $52 from $67 at Morgan Stanley
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- Boston Properties downgraded to Equal Weight from Overweight at Barclays
- Boston Properties resumed with a Neutral at Goldman Sachs
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