Bearish flow noted in Dropbox (DBX) with 8,006 puts trading, or 1.1x expected. Most active are Apr-25 26 puts and Jul-25 26 puts, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 8.45, while ATM IV is up nearly 12 points on the day. Earnings are expected on May 8th.
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