Bearish flow noted in Zions Bancorp with 4,737 puts trading, or 4x expected. Most active are Oct-23 30 puts and Oct-23 35 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 2.28, while ATM IV is up nearly 5 points on the day. Earnings are expected on October 18th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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 ZION:
- Here’s What Kept Zions (NASDAQ:ZION) & Other Regional Banks Under Pressure Yesterday
- Zions Bancorp put volume heavy and directionally bearish
- Zions Bancorp call volume above normal and directionally bullish
- Zions Bancorp price target raised to $42 from $34 at DA Davidson
- Zions Bancorp downgraded to Neutral from Overweight at JPMorgan