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.
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Published first on TheFly
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