Bearish flow noted in Oracle with 7,950 puts trading, or 2.0x expected. Most active are 4/28 weekly 93 puts and 4/28 weekly 96 calls, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 2.10, while ATM IV is up over 1 point on the day. Earnings are expected on June 12th.
Published first on TheFly
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