Bearish flow noted in Redfin with 2,206 puts trading, or 2x expected. Most active are Apr-23 9 puts and Apr-23 10 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 2.11, while ATM IV is up over 3 points on the day. Earnings are expected on May 4th.
Published first on TheFly
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