Bearish flow noted in Zillow with 9,249 puts trading, or 1.3x expected. Most active are 2/24 weekly 43.5 puts and Apr-23 30 puts, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 4.41, while ATM IV is up over 4 points on the day. Earnings are expected on May 4th.
Published first on TheFly
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