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Royal Caribbean put volume heavy and directionally bearish
The Fly

Royal Caribbean put volume heavy and directionally bearish

Bearish flow noted in Royal Caribbean with 14,565 puts trading, or 2.0x expected. Most active are Jun-23 60 puts and 3/24 weekly 68 calls, with total volume in those strikes near 5,700 contracts. The Put/Call Ratio is 1.94, while ATM IV is up nearly 8 points on the day. Earnings are expected on May 4th.

Published first on TheFly

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