Bearish flow noted in D R Horton with 3,977 puts trading, or 1.6x expected. Most active are 3/3 weekly 97 puts and Apr-23 87.5 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 3.01, while ATM IV is up over 1 point on the day. Earnings are expected on April 26th.
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