Bearish flow noted in Western Digital with 17,913 puts trading, or 6x expected. Most active are 4/14 weekly 37 puts and 4/14 weekly 36.5 puts, with total volume in those strikes near 6,200 contracts. The Put/Call Ratio is 4.19, 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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