Bearish flow noted in Cloudflare with 9,266 puts trading, or 1.7x expected. Most active are Jan-25 60 puts and Aug-23 60 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 2.23, while ATM IV is up over 1 point on the day. Earnings are expected on April 27th.
Published first on TheFly
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