Bearish flow noted in Dicks with 6,750 puts trading, or 2x expected. Most active are May-23 125 puts and Jun-23 135 puts, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 5.39, while ATM IV is up over 1 point on the day. Earnings are expected on May 23rd.
Published first on TheFly
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