Spotify put volume heavy and directionally bearish
The Fly

Spotify put volume heavy and directionally bearish

Bearish flow noted in Spotify with 5,029 puts trading, or 1.2x expected. Most active are 3/22 weekly 260 puts and May-24 220 puts, with total volume in those strikes near 910 contracts. The Put/Call Ratio is 1.78, while ATM IV is up over 2 points on the day. Earnings are expected on April 30th.

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