Bearish flow noted in Western Alliance with 2,514 puts trading, or 1.3x expected. Most active are 10/6 weekly 39 puts and Dec-23 30 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 6.01, while ATM IV is up nearly 11 points on the day. Earnings are expected on October 19th.
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 the top stocks recommended by analysts >>
Read More on WAL:
- Western Alliance price target lowered to $54 from $60 at Truist
- Western Alliance put volume heavy and directionally bearish
- Western Alliance call volume above normal and directionally bullish
- Western Alliance shares remain attractive, says DA Davidson
- Netflix upgraded, Olaplex downgraded: Wall Street’s top analyst calls