Annaly Capital Management Inc. (NLY, Financial) is witnessing heightened bearish sentiment as traders engage in significant options activity. On the latest trading day, put options saw substantial activity, with 3,557 contracts exchanged—surpassing expected levels by 10%. The most notable activity was concentrated on the April 2025 $16 puts and July 2025 $17 puts, which together accounted for nearly 2,800 contracts.
The surge in bearish bets is reflected in the Put/Call Ratio, which has risen to 3.54, indicating a strong preference for puts over calls. Additionally, the at-the-money implied volatility (ATM IV) has increased by almost five percentage points, suggesting the market is pricing in greater potential for stock movement.
Investors are closely monitoring these developments as Annaly Capital approaches its upcoming earnings report, scheduled for April 30th. The market's current sentiment may suggest concerns or anticipation of volatility leading up to the earnings announcement.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Annaly Capital Management Inc (NLY, Financial) is $21.12 with a high estimate of $23.00 and a low estimate of $19.00. The average target implies an upside of 22.83% from the current price of $17.19. More detailed estimate data can be found on the Annaly Capital Management Inc (NLY) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, Annaly Capital Management Inc's (NLY, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
