Bearish flow noted in Fisker with 9,313 puts trading, or 2x expected. Most active are 5/26 weekly 5 puts and Apr-23 5 puts, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 1.62, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 3rd.
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Published first on TheFly
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