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Starwood Property put volume heavy and directionally bearish
The Fly

Starwood Property put volume heavy and directionally bearish

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.

Published first on TheFly

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