Bearish flow noted in Celestica (CLS) with 2,898 puts trading, or 3x expected. Most active are Feb-25 70 puts and 12/13 weekly 88 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 2.14, while ATM IV is up nearly 4 points on the day. Earnings are expected on January 29th.
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Read More on CLS:
- Celestica initiated with a Neutral at UBS
- Celestica call volume above normal and directionally bullish
- Celestica initiated with an Overweight at Barclays
- Celestica Receives TSX Nod for Share Buyback Plan
- Celestica announces TSX acceptance of early renewal of NCIB
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
