Bearish flow noted in Electronic Arts with 5,311 puts trading, or 10x expected. Most active are Jun-23 115 puts and 5/5 weekly 131 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 2.63, while ATM IV is up over 1 point on the day. Earnings are expected on May 9th.
Published first on TheFly
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