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MicroStrategy put volume heavy and directionally bearish
The Fly

MicroStrategy put volume heavy and directionally bearish

Bearish flow noted in MicroStrategy with 7,711 puts trading, or 1.3x expected. Most active are 4/6 weekly 165 puts and 4/6 weekly 190 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 1.98, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 2nd.

Published first on TheFly

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