Bearish flow noted in Visa with 12,887 puts trading, or 5x expected. Most active are 3/31 weekly 205 puts and Apr-23 200 puts, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 2.41, while ATM IV is up over 2 points on the day. Earnings are expected on April 25th.
Published first on TheFly
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