Bearish flow noted in Lemonade with 4,318 puts trading, or 5x expected. Most active are 5/10 weekly 14 puts and 5/3 weekly 16 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 2.25, while ATM IV is up over 1 point on the day. Earnings are expected on April 30th.
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