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GoPro put volume heavy and directionally bearish
The Fly

GoPro put volume heavy and directionally bearish

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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