Bearish flow noted in Ringcentral with 1,373 puts trading, or 1.4x expected. Most active are 4/28 weekly 27 puts and Jun-23 30 puts, with total volume in those strikes near 620 contracts. The Put/Call Ratio is 2.34, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 9th.
Published first on TheFly
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