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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