Bearish flow noted in Under Armour Class A with 21,566 puts trading, or 14x expected. Most active are May-24 6.5 puts and 5/24 weekly 6.5 puts, with total volume in those strikes near 20,800 contracts. The Put/Call Ratio is 56.46, while ATM IV is up nearly 9 points on the day. Earnings are expected on May 16th.
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