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Ringcentral put volume heavy and directionally bearish
The Fly

Ringcentral put volume heavy and directionally bearish

Bearish flow noted in Ringcentral with 1,373 puts trading, or 1.4x expected. Most active are 4/28 weekly 27 puts and Jun-23 30 puts, with total volume in those strikes near 620 contracts. The Put/Call Ratio is 2.34, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 9th.

Published first on TheFly

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