Bearish flow noted in Trade Desk with 15,029 puts trading, or 7x expected. Most active are May-23 50 puts and 4/28 weekly 62 calls, with total volume in those strikes near 10,300 contracts. The Put/Call Ratio is 2.91, while ATM IV is up over 1 point on the day. Earnings are expected on May 10th.
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Published first on TheFly
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