Bearish flow noted in PG&E (PCG) with 5,538 puts trading, or 7x expected. Most active are Jan-25 19 puts and 1/24 weekly 19 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 17.36, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 20th.
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Read More on PCG:
- PG&E price target lowered to $24 from $26 at UBS
- Pfizer provides FY25 outlook, McCormick in talks for Sauer Brands: Morning Buzz
- White House to provide $15B low-interest loan to PG&E, WSJ reports
- PG&E price target lowered to $24 from $25 at Barclays
- PG&E price target raised to $26 from $22 at Wells Fargo
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
