Bearish flow noted in Hercules Capital with 3,085 puts trading, or 3x expected. Most active are Apr-23 10 puts and Apr-23 12.5 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 8.81, while ATM IV is up over 1 point on the day. Earnings are expected on May 4th.
Published first on TheFly
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