Bearish flow noted in Western Alliance with 3,506 puts trading, or 1.6x expected. Most active are 3/8 weekly 57 puts and Mar-24 55 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 3.62, while ATM IV is up nearly 6 points on the day. Earnings are expected on April 16th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on WAL:
- Western Alliance put volume heavy and directionally bearish
- 5 Best Financial Stocks to Invest in Now, According to Analysts – February 2024
- Western Alliance to Present at Upcoming Investor Conferences
- IRS sues FDIC over Silicon Valley Bank’s $1.4B tax debt, Reuters says
- Western Alliance price target lowered to $74 from $80 at Wedbush
