Bearish flow noted in Disney with 121,810 puts trading, or 3x expected. Most active are Mar-23 105 puts and Mar-23 110 puts, with total volume in those strikes near 41,000 contracts. The Put/Call Ratio is 4.31, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 10th.
Published first on TheFly
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