Bearish flow noted in Tenet with 5,413 puts trading, or 5x expected. Most active are Dec-22 30 puts and 11/11 weekly 39 calls, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 13.74, while ATM IV is up over 4 points on the day. Earnings are expected on February 7th.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on THC:
- Tenet Healthcare price target lowered to $80 from $135 at Raymond James
- Tenet Healthcare shares offer ‘significant upside,’ says Citi
- Tenet Healthcare price target lowered to $55 from $80 at Truist
- Tenet Healthcare price target lowered to $48 from $90 at Deutsche Bank
- Tenet Healthcare price target lowered to $48 from $82 at Wells Fargo