Bearish flow noted in Atlassian with 8,779 puts trading, or 14x expected. Most active are May-23 125 puts and Jun-23 85 puts, with total volume in those strikes near 7,000 contracts. The Put/Call Ratio is 9.38, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 4th.
Published first on TheFly
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