Bearish flow noted in Spirit AeroSystems with 5,842 puts trading, or 5x expected. Most active are Apr-24 21 puts and 4/5 weekly 32 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 13.71, while ATM IV is up over 4 points on the day. Earnings are expected on May 1st.
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