Bearish flow noted in UiPath with 5,850 puts trading, or 16x expected. Most active are May-23 12.5 puts and Jan-24 10 puts, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 2.50, while ATM IV is up nearly 3 points on the day. Earnings are expected on June 1st.
Published first on TheFly
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