Bearish flow noted in Invitation Homes with 7,752 puts trading, or 2x expected. Most active are Apr-23 25 puts and Apr-23 32.5 calls, with total volume in those strikes near 7,400 contracts. The Put/Call Ratio is 3.24, while ATM IV is up over 5 points on the day. Earnings are expected on April 26th.
Published first on TheFly
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