Bearish flow noted in Activision Blizzard with 39,532 puts trading, or 5x expected. Most active are Jan-24 85 puts and Jan-24 65 puts, with total volume in those strikes near 25,000 contracts. The Put/Call Ratio is 34.20, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 25th.
Published first on TheFly
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