Bearish flow noted in Redfin with 1,149 puts trading, or 1.2x expected. Most active are Jan-26 5 puts and Jan-25 7 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 1.97, while ATM IV is up over 2 points on the day. Earnings are expected on May 7th.
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