Bearish flow noted in Flagstar Financial (FLG)Inc with 4,263 puts trading, or 3x expected. Most active are May-25 10 puts and May-25 7.5 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.50, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 1st.
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