Spirit AeroSystems put volume heavy and directionally bearish

Bearish flow noted in Spirit AeroSystems with 1,362 puts trading, or 2x expected. Most active are Mar-24 33 puts and Apr-24 29 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.94, while ATM IV is up nearly 6 points on the day. Earnings are expected on May 1st.

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