Pure Storage, Inc. (PSTG) Sees Bullish Nov Volatility Buying - Susquehanna

Susquehanna option strategist, Alison Edwards, noted bullish Nov volatility buying in Pure Storage, Inc. (NYSE: PSTG).

"In Pure Storage, opening investor bought calls/sold puts in 1.5k Nov 17.5p/20c strangles, 3.5k Nov 30 (.47d) calls and 1.5k Nov 22.5 calls outright," Edwards notes. "Overall, investors are buying Nov volatility and appear to have an upside bias."

You May Also Be Interested In

• Raymond James Downgrades Pure Storage (PSTG) to Outperform
• Cleveland-Cliffs (CLF) April weekly 21 straddle into quarter results
• Nordstrom (JWN) 30-day option implied volatility flat