Put Buying Activity in ViacomCBS (VIAC) Targets 4% Downside in Shares Through Friday -Susquehanna

Susquehanna options strategist notes put buying activity in ViacomCBS (NASDAQ: VIAC), as an opening investor bought 11k Apr23 38 Puts, with follow on flows taking the total volume up to 19k on the day. This investor opens downside protection against a move below $38 (-2.9%) through Friday, breaking even ~4% lower.

You May Also Be Interested In

• SpaceX Shares Indicated To Open At $155
• Redwire Corporation (RDW) call put ratio 3.1 calls to 1 put as share price down 7%
• Pakistan's Sharif: Confirm That A Final, Agreed Text Reached