Bearish flow noted in Super Micro with 2,030 puts trading, or 3x expected. Most active are May-23 80 puts and May-23 140 calls, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 1.82, while ATM IV is up over 4 points on the day. Earnings are expected on May 2nd.
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Published first on TheFly
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