Bearish flow noted in Rithm Capital with 1,264 puts trading, or 2x expected. Most active are Dec-23 7 puts and May-23 10 calls, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.56, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.
Published first on TheFly
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