Bearish flow noted in Suncor (SU) with 6,416 puts trading, or 3x expected. Most active are Jun-25 36 puts and May-25 35 puts, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 2.19, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 20th.
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Read More on SU:
- Suncor price target raised to C$71 from C$67 at Wolfe Research
- Suncor call volume above normal and directionally bullish
- Suncor downgraded to Equal Weight from Overweight at Morgan Stanley
- Suncor price target lowered to C$55 from C$56 at Raymond James
- Suncor Energy Sets Ambitious 2025 Growth Plans
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
