TripAdvisor put volume heavy and directionally bearish
The Fly

TripAdvisor put volume heavy and directionally bearish

Bearish flow noted in TripAdvisor with 10,445 puts trading, or 3x expected. Most active are Mar-23 22 puts and Feb-23 22.5 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 1.84, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 3rd.

Published first on TheFly

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