Bearish flow noted in Valley National with 3,162 puts trading, or 1.9x expected. Most active are Sep-23 7 puts and Sep-23 9 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 12.75, while ATM IV is up over 3 points on the day. Earnings are expected on April 27th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on VLY:
- First Citizens (NASDAQ:FCNCA) Soars as it Wins the Race to Buy Failed Lender SVB
- Valley National, First Citizens to bid on Silicon Valley, Bloomberg says
- Valley National director buy $514.5K in common stock
- Buy the Dip in Banks? Morgan Stanley Disagrees
- Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends