Bearish flow noted in Capital One with 6,831 puts trading, or 3x expected. Most active are Sep-24 145 puts and Apr-24 143 puts, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 1.79, while ATM IV is up over 1 point on the day. Earnings are expected on April 25th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COF:
- Judge says Walmart can end Capital One credit card pact early, Reuters reports
- TipRanks’ All-Star Analyst – Who is the Best on PYPL Stock?
- JPMorgan consumer finance analyst to hold analyst/industry conference call
- Credit Card Stocks Slip on News of Delinquencies, Charge-Offs
- Capital One put volume heavy and directionally bearish
