Bearish flow noted in Seattle Genetics with 6,103 puts trading, or 6x expected. Most active are Jul-23 185 puts and Jun-24 170 puts, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 19.88, while ATM IV is up over 1 point on the day. Earnings are expected on July 27th.
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>>
See today’s best-performing stocks on TipRanks >>
Read More on SGEN: