Bearish flow noted in Ares Capital with 7,662 puts trading, or 3x expected. Most active are May-23 17 puts and Jun-23 19 calls, with total volume in those strikes near 7,600 contracts. The Put/Call Ratio is 33.17, 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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