Bearish flow noted in Activision Blizzard with 74,945 puts trading, or 6x expected. Most active are Jan-24 85 puts and Jan-24 65 puts, with total volume in those strikes near 50,000 contracts. The Put/Call Ratio is 5.81, while ATM IV is up over 1 point on the day. Earnings are expected on April 25th.
Published first on TheFly
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