Bearish flow noted in Wayfair with 15,779 puts trading, or 1.2x expected. Most active are May-23 25 puts and Jan-25 15 puts, with total volume in those strikes near 5,700 contracts. The Put/Call Ratio is 1.54, while ATM IV is up over 1 point on the day. Earnings are expected on May 4th.
Published first on TheFly
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