Bearish flow noted in EchoStar with 5,111 puts trading, or 1.0x expected. Most active are Apr-24 12.5 puts and Feb-24 12.5 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 13.14, while ATM IV is up over 1 point on the day. Earnings are expected on February 22nd.
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 SATS:
- EchoStar put volume heavy and directionally bearish
- AT&T upgraded to Outperform from Perform at Oppenheimer
- EchoStar initiated with a Neutral at JPMorgan
- EchoStar Corporation Announces Exchange Offers and Consent Solicitations by DISH DBS Issuer LLC for Certain Existing Senior Notes Issued by DISH DBS Corporation
- EchoStar Corporation Announces Exchange Offers and Consent Solicitations for 0% Convertible Senior Notes due 2025 and 3.375% Convertible Senior Notes due 2026 Issued by DISH Network Corporation
