Bearish flow noted in Pure Storage with 5,699 puts trading, or 3x expected. Most active are May-23 21 puts and Jan-23 27 puts, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 4.07, while ATM IV is up over 1 point on the day. Earnings are expected on March 1st.
Published first on TheFly
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