Bearish flow noted in Capital One (COF) with 2,066 puts trading, or 2x expected. Most active are 10/3 weekly 215 puts and 10/3 weekly 207.5 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 2.34, while ATM IV is up over 2 points on the day. Earnings are expected on October 21st.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COF:
- Capital One price target raised to $255 from $240 at Evercore ISI
- Capital One put volume heavy and directionally bearish
- Capital One price target raised to $267 from $261 at Morgan Stanley
- Eric Trump Says Crypto ‘Arguably Saves the U.S. Dollar’
- American Express (AXP) Hikes Platinum Fee to $895, Adds $3,500 in Rewards