Digital Turbine put volume heavy and directionally bearish
The Fly

Digital Turbine put volume heavy and directionally bearish

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.

Published first on TheFly

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