Bearish flow noted in Monster Beverage with 3,611 puts trading, or 5x expected. Most active are May-23 55 puts and Jun-23 57.5 puts, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 5.65, while ATM IV is up over 1 point on the day. Earnings are expected on May 4th.
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Published first on TheFly
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