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Bearish Trade in CVB Financial Corp. (Symbol: CVBF) in Potential Earnings Month

Bearish Trade in CVB Financial Corp. (Symbol: CVBF) in Potential Earnings Month

OptionWatch:

Posted March 10, 2023 at 12:30 pm

Jeff Praissman
Interactive Brokers

This morning in CVB Financial Corp. (Symbol: CVBF) 900 April 21 ’23 20 puts traded as well as 200 April 21 ’23 17.5 puts. Overall, the two trades represent selling 35,000 shares of stock. Earnings are estimated to be released between April 18th and April 24th so this may represent an earnings play. While CVBF has beaten estimates in seven of the past eight quarters, last quarter CVBF fell short by -$0.01 per share.

While CVBF has beaten estimates in seven of the past eight quarters, last quarter CVBF fell short by -$0.01 per share.

CVBF has a 52-week high of $29.25 and a 52-week low of $21.41.

CVBF has a 52-week high of $29.25 and a 52-week low of $21.41.

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