Bearish flow noted in Digital Turbine with 4,414 puts trading, or 4x expected. Most active are 3/31 weekly 10 puts and Jun-23 10 calls, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 3.98, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 30th.
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Published first on TheFly
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