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Best Buy put volume heavy and directionally bearish
The Fly

Best Buy put volume heavy and directionally bearish

Bearish flow noted in Best Buy with 2,378 puts trading, or 1.3x expected. Most active are May-23 70 puts and May-23 68 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.24, while ATM IV is up nearly 5 points on the day. Earnings are expected on May 25th.

Published first on TheFly

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