Bearish flow noted in Starwood Property with 8,417 puts trading, or 2x expected. Most active are May-23 16 puts and Apr-23 15 puts, with total volume in those strikes near 6,300 contracts. The Put/Call Ratio is 23.91, while ATM IV is up over 7 points on the day. Earnings are expected on May 3rd.
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Published first on TheFly
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