Bearish flow noted in Sabre with 4,047 puts trading, or 3x expected. Most active are Apr-23 5 puts and Jul-23 6 calls, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 1.51, while ATM IV is up nearly 4 points on the day. Earnings are expected on May 2nd.
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Published first on TheFly
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