Bearish flow noted in Luminar Technologies with 18,961 puts trading, or 1.2x expected. Most active are Mar-23 8.5 puts and 3/10 weekly 9 puts, with total volume in those strikes near 17,700 contracts. The Put/Call Ratio is 5.90, while ATM IV is up nearly 49 points on the day. Earnings are expected on May 4th.
Published first on TheFly
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