Bearish flow noted in Levi Strauss with 1,835 puts trading, or 1.5x expected. Most active are May-23 16 puts and May-23 20 calls, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 1.73, while ATM IV is up over 1 point on the day. Earnings are expected on July 6th.
Published first on TheFly
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