Bearish flow noted in Seagate with 3,251 puts trading, or 2x expected. Most active are 3/10 weekly 65 puts and 3/10 weekly 63 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 3.07, while ATM IV is up over 1 point on the day. Earnings are expected on April 26th.
Published first on TheFly
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