Bearish flow noted in Best Buy with 3,491 puts trading, or 1.4x expected. Most active are 4/14 weekly 73 puts and 4/14 weekly 74 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 4.14, while ATM IV is up over 1 point on the day. Earnings are expected on May 23rd.
Published first on TheFly
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