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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