Bearish flow noted in UWM Holdings Corp with 1,754 puts trading, or 1.8x expected. Most active are May-23 5 puts and Aug-23 5 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 2.14, while ATM IV is up over 1 point on the day. Earnings are expected on May 9th.
Published first on TheFly
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