Bearish flow noted in Redfin with 1,537 puts trading, or 1.4x expected. Most active are Apr-23 9 puts and 4/28 weekly 9.5 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 2.11, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 4th.
Published first on TheFly
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