Bearish flow noted in Lowe’s with 4,117 puts trading, or 1.1x expected. Most active are May-23 195 puts and 4/28 weekly 170 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 2.29, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 23rd.
Published first on TheFly
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