Bearish flow noted in Fastly Inc with 8,760 puts trading, or 3x expected. Most active are 3/31 weekly 16 puts and Jun-23 15 puts, with total volume in those strikes near 6,800 contracts. The Put/Call Ratio is 2.75, while ATM IV is up over 1 point on the day. Earnings are expected on May 3rd.
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Published first on TheFly
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