Bearish flow noted in Carnival with 25,078 puts trading, or 1.9x expected. Most active are 4/14 weekly 10 puts and Apr-23 9.5 puts, with total volume in those strikes near 12,400 contracts. The Put/Call Ratio is 3.23, while ATM IV is up over 1 point on the day. Earnings are expected on June 22nd.
Published first on TheFly
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