Bearish flow noted in Dropbox with 4,551 puts trading, or 3x expected. Most active are Jan-25 10 puts and 2/24 weekly 21 calls, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 1.76, while ATM IV is up over 1 point on the day. Earnings are expected on May 4th.
Published first on TheFly
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