Bearish flow noted in Carnival with 63,101 puts trading, or 1.6x expected. Most active are Jul-23 6 puts and Jan-23 11 calls, with total volume in those strikes near 20,300 contracts. The Put/Call Ratio is 1.65, while ATM IV is up over 1 point on the day. Earnings are expected on March 22nd.
Published first on TheFly
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