XPO Logistics put volume heavy and directionally bearish
The Fly

XPO Logistics put volume heavy and directionally bearish

Bearish flow noted in XPO Logistics with 1,569 puts trading, or 1.2x expected. Most active are Mar-24 77.5 puts and Mar-24 72.5 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 6.48, while ATM IV is up over 2 points on the day. Earnings are expected on May 2nd.

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