Bearish flow noted in Mosaic with 1,395 puts trading, or 1.7x expected. Most active are Jan-25 24.75 puts and 4/12 weekly 33 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 4.46, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 2nd.
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