Opendoor Technologies Shares Down, Mixed Options Sentiment
Mixed options sentiment in Opendoor Technologies (OPEN), with shares down 5c near $5.82. Options volume relatively light with 74k contracts traded and calls leading puts for a put/call ratio of 0.13, compared to a typical level near 0.28. Implied volatility (IV30) is higher by 6.5 points near 92.7,in the bottom quartile of the past year, suggesting an expected daily move of $0.34. Put-call skew steepened, indicating increased demand for downside protection.
