Bearish flow noted in Under Armour (UAA) Class A with 10,701 puts trading, or 7x expected. Most active are Jan-27 7.5 puts and Jan-26 5 puts, with total volume in those strikes near 10,600 contracts. The Put/Call Ratio is 36.27, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 15th.
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