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

• Honeywell Aerospace (HONA) dropped from S&P 100
• Oracle (ORCL) call put ratio 4 calls to 1 put with a focus on September 165 calls into quarter results
• UiPath Inc. (PATH) call put ratio 1 call to 2.2 puts into quarter results