Herbalife put volume heavy and directionally bearish
The Fly

Herbalife put volume heavy and directionally bearish

Bearish flow noted in Herbalife with 10,991 puts trading, or 8x expected. Most active are Mar-24 7.5 puts and Aug-24 10 calls, with total volume in those strikes near 10,400 contracts. The Put/Call Ratio is 9.14, while ATM IV is up over 2 points on the day. Earnings are expected on April 30th.

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