Bearish flow noted in Bumble with 27,437 puts trading, or 32x expected. Most active are Nov-23 12.5 puts and 11/10 weekly 13.5 puts, with total volume in those strikes near 27,300 contracts. The Put/Call Ratio is 235, while ATM IV is up nearly 7 points on the day. Earnings are expected on November 7th.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BMBL:
- #SocialStocks: Biden issues executive order on AI safety
- BofA sees limited risk to Match and Bumble from X’s dating ambitions
- Musk insists X will be ‘fully fledged’ dating site in 2024, Insider reports
- Bumble call volume above normal and directionally bullish
- Bumble price target lowered to $21 from $26 at Stifel