Bearish flow noted in Redfin with 1,337 puts trading, or 2x expected. Most active are 4/28 weekly 7.5 puts and 4/28 weekly 8 calls, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.82, while ATM IV is up over 2 points on the day. Earnings are expected on May 4th.
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