Bearish flow noted in Western Digital with 2,643 puts trading, or 1.1x expected. Most active are Jul-23 35 puts and Jul-23 32.5 puts, with total volume in those strikes near 530 contracts. The Put/Call Ratio is 1.85, while ATM IV is up over 1 point on the day. Earnings are expected on April 27th.
Published first on TheFly
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