Bearish flow noted in Coty with 2,480 puts trading, or 6x expected. Most active are Apr-23 10.5 puts and Apr-23 11.5 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 51.67, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 9th.
Published first on TheFly
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