Bearish flow noted in Etsy with 7,638 puts trading, or 3x expected. Most active are 3/10 weekly 110 puts and 3/10 weekly 120 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 1.52, while ATM IV is up over 2 points on the day. Earnings are expected on May 3rd.
Published first on TheFly
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