Bearish flow noted in Lemonade with 5,046 puts trading, or 10x expected. Most active are Mar-23 17 puts and Mar-23 18 puts, with total volume in those strikes near 4,800 contracts. The Put/Call Ratio is 4.08, while ATM IV is up over 1 point on the day. Earnings are expected on February 22nd.
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Published first on TheFly
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- Lemonade call volume above normal and directionally bullish
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