Cloudflare put volume heavy and directionally bearish
The Fly

Cloudflare put volume heavy and directionally bearish

Bearish flow noted in Cloudflare with 14,558 puts trading, or 3x expected. Most active are 5/10 weekly 70 puts and May-24 70 puts, with total volume in those strikes near 10,900 contracts. The Put/Call Ratio is 3.75, while ATM IV is up over 3 points on the day. Earnings are expected on May 2nd.

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