E.l.f. Beauty put volume heavy and directionally bearish
The Fly

E.l.f. Beauty put volume heavy and directionally bearish

Bearish flow noted in E.l.f. Beauty with 2,413 puts trading, or 1.1x expected. Most active are 11/1 weekly 108 puts and 11/1 weekly 107 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.06, while ATM IV is up over 1 point on the day. Earnings are expected on November 6th.

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