Bearish flow noted in XPO Logistics with 1,569 puts trading, or 1.2x expected. Most active are Mar-24 77.5 puts and Mar-24 72.5 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 6.48, while ATM IV is up over 2 points on the day. Earnings are expected on May 2nd.
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