Bullish option flow detected in First Horizon with 29,428 calls trading, 39x expected, and implied vol increasing over 3 points to 39.73%. Nov-23 14 calls and Aug-23 11.5 puts are the most active options, with total volume in those strikes near 30,800 contracts. The Put/Call Ratio is 0.16. Earnings are expected on October 17th.
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Read More on FHN:
- First Horizon price target raised to $14 from $13 at RBC Capital
- First Horizon Corporation Reports Second Quarter 2023 Net Income Available to Common Shareholders of $317 Million, or EPS of $0.56; $219 Million, or $0.39, on an Adjusted Basis*
- First Horizon reports Q2 adjusted EPS 39c, consensus 40c
- Notable companies reporting before tomorrow’s open
- First Horizon initiated with a Neutral at Baird