Bearish flow noted in Bill.com Holdings with 4,360 puts trading, or 1.6x expected. Most active are May-23 80 puts and Mar-23 100 calls, with total volume in those strikes near 710 contracts. The Put/Call Ratio is 1.74, while ATM IV is up over 3 points on the day. Earnings are expected on May 4th.
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Published first on TheFly
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