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Restoration Hardware put volume heavy and directionally bearish
The Fly

Restoration Hardware put volume heavy and directionally bearish

Bearish flow noted in Restoration Hardware with 2,542 puts trading, or 3x expected. Most active are May-24 297.5 puts and May-24 215 puts, with total volume in those strikes near 900 contracts. The Put/Call Ratio is 2.24, while ATM IV is up over 3 points on the day. Earnings are expected on May 23rd.

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