Bearish flow noted in New York Community Bancorp with 3,069 puts trading, or 1.2x expected. Most active are Jul-23 10 puts and Jul-24 3 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.04, while ATM IV is up over 1 point on the day. Earnings are expected on April 26th.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on NYCB:
- New York Community Bancorp upgraded to Buy from Hold at Jefferies
- Columbia Banking System Gains Ground after Upgrade
- New York Community Bancorp price target lowered to $9 from $10.50 at JPMorgan
- New York Community Bancorp price target lowered to $10 from $10.50 at Morgan Stanley
- New York Community Bancorp put volume heavy and directionally bearish