Bearish flow noted in Pinterest with 4,926 puts trading, or 2.0x expected. Most active are 4/26 weekly 32.5 puts and 4/26 weekly 33 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 2.94, while ATM IV is up nearly 4 points on the day. Earnings are expected on April 30th.
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