Bearish flow noted in GoPro with 1,011 puts trading, or 1.7x expected. Most active are Apr-23 4 puts and Oct-23 3 puts, with total volume in those strikes near 700 contracts. The Put/Call Ratio is 4.30, while ATM IV is up over 2 points on the day. Earnings are expected on May 4th.
Published first on TheFly
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