Bearish flow noted in GEO Group with 14,883 puts trading, or 5x expected. Most active are 5/3 weekly 13.5 puts and Apr-24 15 puts, with total volume in those strikes near 9,300 contracts. The Put/Call Ratio is 8.29, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 7th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GEO:
- Geo Group’s Strategic Note Exchange and Equity Sales
- Unusually active option classes on open March 25th
- Despite Skyrocketing Shares, the Geo Group (NYSE:GEO) is Still a Value Buy
- Geo Group Unveils Strategic Vision and Financial Outlook
- Geo Group awarded five-year contract by Immigration and Customs Enforcement