Bearish flow noted in LyondellBasell (LYB) with 3,539 puts trading, or 1.2x expected. Most active are Jan-25 95 puts and Jan-25 100 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 2.90, while ATM IV is up over 1 point on the day. Earnings are expected on January 31st.
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Read More on LYB:
- LyondellBasell price target lowered to $92 from $104 at RBC Capital
- LyondellBasell price target lowered to $90 from $110 at Evercore ISI
- LyondellBasell price target lowered to $90 from $95 at Barclays
- LyondellBasell files automatic mixed securities shelf
- LyondellBasell price target lowered to $95 from $105 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.
