Bearish flow noted in US Bancorp with 3,263 puts trading, or 8x expected. Most active are Mar-23 44 puts and Mar-23 42.5 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 2.14, while ATM IV is up over 1 point on the day. Earnings are expected on April 25th.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on USB:
- U.S. Bancorp reinstated with a Neutral at Goldman Sachs
- Piper upgrades U.S. Bancorp to Overweight on ‘durability’
- Buffett’s Berkshire Adds AAPL; Cuts Holdings in USB and TSM
- U.S. Bancorp upgraded to Overweight from Neutral at Piper Sandler
- VinFast Auto says U.S. Bank chosen as preferred financing provider in U.S.