Bearish flow noted in Shift4 Payments with 2,378 puts trading, or 4x expected. Most active are Apr-23 50 puts and Apr-23 65 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 5.45, while ATM IV is up over 1 point on the day. Earnings are expected on May 4th.
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