Bearish flow noted in Sarepta with 1,406 puts trading, or 1.0x expected. Most active are May-23 75 puts and Apr-23 140 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.91, while ATM IV is up nearly 8 points on the day. Earnings are expected on May 3rd.
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