Bearish flow noted in Seritage Growth Properties with 4,430 puts trading, or 2x expected. Most active are Jul-23 9 puts and Jul-23 5 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 4.52, while ATM IV is up nearly 14 points on the day. Earnings are expected on May 9th.
Published first on TheFly
