Bearish flow noted in Coupang with 4,076 puts trading, or 7x expected. Most active are Jul-23 16 puts and 8/4 weekly 17.5 calls, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 3.04, while ATM IV is up over 1 point on the day. Earnings are expected on August 9th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CPNG: