Bearish flow noted in Ringcentral with 2,132 puts trading, or 6x expected. Most active are May-23 25 puts and Apr-23 30 calls, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 3.29, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 9th.
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Published first on TheFly
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