Bearish flow noted in Lemonade with 3,851 puts trading, or 1.5x expected. Most active are Jun-24 15.5 puts and 6/7 weekly 14 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 2.26, while ATM IV is up over 2 points on the day. Earnings are expected on July 31st.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMND: