Bearish flow noted in Comerica with 5,201 puts trading, or 5x expected. Most active are Nov-23 40 puts and 10/6 weekly 39 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 14.09, while ATM IV is up over 6 points on the day. Earnings are expected on October 20th.
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 the top stocks recommended by analysts >>
Read More on CMA:
- Comerica put volume heavy and directionally bearish
- Comerica price target lowered to $49 from $58 at Truist
- DraftKings upgraded, Snap initiated at Sell: Wall Street’s top analyst calls
- Odeon downgrades Comerica to Hold with bank on ‘wrong side of the cycle’
- Comerica downgraded to Hold from Buy at Odeon Capital