8/18/2023-Unusual Options Activity In RNG

8/18/2023-Unusual Options Activity In RNG

$RNG-Bearish flow noted in Ringcentral (29.02 +0.26) with 1,805 puts trading, or 1.6x expected. The Put/Call Ratio is 5.19, while ATM IV is up over 1 point on the day. Earnings are expected on 11/08. RNG continues to catch bids coming off the lows.

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