Bearish flow noted in Southwest with 6,652 puts trading, or 1.1x expected. Most active are Apr-24 25.5 puts and Apr-24 26.5 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 1.67, while ATM IV is up over 3 points on the day. Earnings are expected on April 25th.
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