Panera Bread Co (PNRA) $76.84 -1.10%
Panera Bread Company (PNRA) is down $1.05 to $76.65 and the August 70 – 75 put spread has traded 2300X. Most of the action has been in smaller lots and appears to be seller initiated. The VWAP of the 75s is $2.12 and in the 70s, $1.03. So, about $1.09 on the spread. Looks opening. Implied volatility is flat at 32. Earnings due out Jun 27.
Category: All Stocks, Mid Cap Stocks, Restaurants
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
