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Match Group put volume heavy and directionally bearish

Bearish flow noted in Match Group (MTCH) with 3,246 puts trading, or 1.6x expected. Most active are Apr-25 25 puts and Apr-25 28.5 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 2.19, while ATM IV is up nearly 7 points on the day. Earnings are expected on May 6th.

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