Bearish flow noted in Wal-Mart with 35,650 puts trading, or 1.9x expected. Most active are 4/11 weekly 79 puts and 4/11 weekly 80 puts, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 1.79, while ATM IV is up over 1 point on the day. Earnings are expected on May 15th.
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