Bearish flow noted in Marriott with 1,841 puts trading, or 1.2x expected. Most active are Oct-23 150 puts and Jun-24 135 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 4.46, while ATM IV is up over 1 point on the day. Earnings are expected on May 4th.
Published first on TheFly
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