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Monster Beverage put volume heavy and directionally bearish

Bearish flow noted in Monster Beverage (MNST) with 5,917 puts trading, or 1.7x expected. Most active are Apr-25 56 puts and 4/25 weekly 59 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 2.96, while ATM IV is up over 2 points on the day. Earnings are expected on May 1st.

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