Bearish flow noted in Barclays with 6,598 puts trading, or 8x expected. Most active are Apr-23 6 puts and Jun-23 6 puts, with total volume in those strikes near 6,400 contracts. The Put/Call Ratio is 264, while ATM IV is up over 5 points on the day. Earnings are expected on April 27th.
Published first on TheFly
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