Bearish flow noted in Activision Blizzard with 5,138 puts trading, or 1.1x expected. Most active are 3/31 weekly 77.5 puts and Apr-23 75 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 2.18, while ATM IV is up over 3 points on the day. Earnings are expected on April 25th.
Published first on TheFly
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