Bearish flow noted in Costco with 542,148,235 puts trading, or 39579x expected. Most active are Jun-24 590 puts and 4/28 weekly 515 calls, with total volume in those strikes near 542,141,600 contracts. The Put/Call Ratio is 28091, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 25th.
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