Bearish flow noted in Marriott with 3,247 puts trading, or 4x expected. Most active are 4/28 weekly 177.5 puts and 5/12 weekly 180 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 1.94, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.
Published first on TheFly
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