Bearish flow noted in Weight Watchers with 3,966 puts trading, or 3x expected. Most active are Jan-24 7.5 puts and Jan-24 10 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 3.74, while ATM IV is up nearly 3 points on the day. Earnings are expected on August 3rd.
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 – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on WW:
- WW International, Inc. Announces Second Quarter 2023 Results
- Weight Watchers call volume above normal and directionally bullish
- Target downgraded, Spotify upgraded: Wall Street’s top analyst calls
- Morgan Stanley upgrades ‘undervalued turnaround story’ WW to Overweight
- WW upgraded to Overweight from Equal Weight at Morgan Stanley