Bearish flow noted in E.l.f. Beauty with 1,472 puts trading, or 1.0x expected. Most active are Nov-24 135 puts and Jun-24 155 puts, with total volume in those strikes near 740 contracts. The Put/Call Ratio is 2.05, while ATM IV is up over 2 points on the day. Earnings are expected on May 22nd.
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