NetApp put volume heavy and directionally bearish
The Fly

NetApp put volume heavy and directionally bearish

Bearish flow noted in NetApp with 1,881 puts trading, or 3x expected. Most active are May-24 92.5 puts and Apr-24 98 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.66, while ATM IV is up over 3 points on the day. Earnings are expected on May 30th.

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