Bearish flow noted in Carnival with 49,711 puts trading, or 1.5x expected. Most active are Apr-24 14 puts and Apr-24 13.5 puts, with total volume in those strikes near 17,400 contracts. The Put/Call Ratio is 1.75, while ATM IV is up over 1 point on the day. Earnings are expected on June 26th.
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