Bearish flow noted in Dicks with 6,750 puts trading, or 2x expected. Most active are May-23 125 puts and Jun-23 135 puts, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 5.39, while ATM IV is up over 1 point on the day. Earnings are expected on May 23rd.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on DKS:
- Academy Sports price target raised to $73 from $65 at Loop Capital
- Dick’s Sporting initiated with a Hold at Jefferies
- Dick’s Sporting price target raised to $150 from $130 at Loop Capital
- Dick’s Sporting announces corporate partnership with NCAA
- Dick’s Sporting price target raised to $157 from $112 at Stifel