Bearish flow noted in Lincoln National with 13,019 puts trading, or 16x expected. Most active are May-23 17.5 puts and May-23 22.5 calls, with total volume in those strikes near 12,300 contracts. The Put/Call Ratio is 19.94, while ATM IV is up over 7 points on the day. Earnings are expected on May 9th.
Published first on TheFly
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- Lincoln National price target lowered to $23 from $36 at Piper Sandler
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