Bearish flow noted in Pinterest with 29,766 puts trading, or 2x expected. Most active are Apr-23 21 puts and Aug-23 21 puts, with total volume in those strikes near 6,300 contracts. The Put/Call Ratio is 2.23, while ATM IV is up over 5 points on the day. Earnings are expected on April 26th.
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Published first on TheFly
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