Bearish flow noted in Goodyear Tire with 4,480 puts trading, or 3x expected. Most active are Feb-23 10.5 puts and Feb-23 11.5 calls, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 1.51, while ATM IV is up over 2 points on the day. Earnings are expected on February 8th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on GT:
- GOODYEAR REPORTS FOURTH QUARTER AND FULL-YEAR 2022 FINANCIAL RESULTS
- Goodyear Tire downgraded to Underperform from Neutral at Exane BNP Paribas
- Goodyear Plummets after Job Cuts; Warns of Bleak Q4
- Goodyear Tire announces cost savings plan, plans to reduce staff by 5%
- DOJ probing Goodyear Tire’s handling of recalled tire, WSJ reports